Case Study Based on Atlantic Lng Company of Trinidad and Tobago
CASE STUDY BASED ON ATLANTIC LNG COMPANY OF TRINIDAD AND TOBAGO
INTRODUCTION & BACKGROUND
What is LNG? Natural gas reserves can be found around the world. Gas may be found alone or in solution with oil in natural underground reservoirs.
Natural gas is a naturally occurring gaseous mixture of hydrocarbon components and consists mainly of methane. The other constituents include ethane, propane and butane which are referred to as liquefied petroleum gases, and condensates which are heavier hydrocarbons. The composition of gas differs from one gas reservoir to another.
Liquefied Natural Gas (LNG) is produced through a physical process that first cleans and cools a stream of natural gas. The gas is treated through successive stages of cooling. When the temperature of natural gas is reduced to -160 degrees Celsius at atmospheric pressure, the gas changes to liquid. This reduces the volume by approximately 600 times. LNG is lees than half dense as water. It is colourless, odourless and non-toxic. For ease of transportation from source to market, it is stored as a liquid and later regasified as needed.
As a clean-burning fossil fuel, revapourised is used for power generation, vehicle fuel and as an alternative fuel for oil.
Atlantic LNG Company of Trinidad and Tobago was formed on July 20th 1995 to develop a liquefied natural gas in Point Fortin, Trinidad and Tobago. The venture linked together one local Company, NGC Trinidad and Tobago LNG Limited and four other companies bringing extensive international experience in the natural gas industry: Amoco Trinidad (LNG) B.V., British Gas Trinidad LNG Limited, Repsol LNG Port-of-Spain B.V. and Cabot Trinidad LNG Limited.
Presently the Atlantic group comprises three separate entities owned by subsidiaries of B.P plc, BG Group, Repsol YPF, Suez LNG, and The National Gas Company of Trinidad and Tobago Limited (Members) that oversee the business activities of each Atlantic company at a strategic level to ensure that it
INTRODUCTION & BACKGROUND
What is LNG? Natural gas reserves can be found around the world. Gas may be found alone or in solution with oil in natural underground reservoirs.
Natural gas is a naturally occurring gaseous mixture of hydrocarbon components and consists mainly of methane. The other constituents include ethane, propane and butane which are referred to as liquefied petroleum gases, and condensates which are heavier hydrocarbons. The composition of gas differs from one gas reservoir to another.
Liquefied Natural Gas (LNG) is produced through a physical process that first cleans and cools a stream of natural gas. The gas is treated through successive stages of cooling. When the temperature of natural gas is reduced to -160 degrees Celsius at atmospheric pressure, the gas changes to liquid. This reduces the volume by approximately 600 times. LNG is lees than half dense as water. It is colourless, odourless and non-toxic. For ease of transportation from source to market, it is stored as a liquid and later regasified as needed.
As a clean-burning fossil fuel, revapourised is used for power generation, vehicle fuel and as an alternative fuel for oil.
Atlantic LNG Company of Trinidad and Tobago was formed on July 20th 1995 to develop a liquefied natural gas in Point Fortin, Trinidad and Tobago. The venture linked together one local Company, NGC Trinidad and Tobago LNG Limited and four other companies bringing extensive international experience in the natural gas industry: Amoco Trinidad (LNG) B.V., British Gas Trinidad LNG Limited, Repsol LNG Port-of-Spain B.V. and Cabot Trinidad LNG Limited.
Presently the Atlantic group comprises three separate entities owned by subsidiaries of B.P plc, BG Group, Repsol YPF, Suez LNG, and The National Gas Company of Trinidad and Tobago Limited (Members) that oversee the business activities of each Atlantic company at a strategic level to ensure that it