History

Atlantic was often described as “The Trinidad Model”, which referred to the unique partnership between four (4) energy majors and the Government of Trinidad and Tobago to form an LNG company. The Model was unique too in its objective to target two dedicated primary markets at that time: the US East Coast and Spain, capitalising on Trinidad and Tobago’s geographic proximity to these markets and therefore competitive delivery costs.

On July 20, 1995, the company known as Atlantic LNG Company of Trinidad and Tobago was formed. The Cabot Corporation and the National Gas Company of Trinidad and Tobago (NGC) purchased equal shares in the company – 10% each. Initially the shares between AMOCO and BG constituted 80% of the total shares offered – with AMOCO claiming 46% and BG claiming 34%. With the entrance of Repsol, in late 1995, the distribution of shares at the end of the final negotiations saw AMOCO with 34%, BG with 26%, Repsol with 20% and 10% each for Cabot and NGC.

Bechtel was selected as the Engineering, Procurement and Construction (EPC) contractor for the LNG plant. Cabot signed a 20-year sales contract to purchase LNG, while AMOCO Trinidad Oil Company, signed a 20-year supply agreement.

The original scope was for a single LNG train on reclaimed land in Point Fortin. Construction of the Atlantic LNG plant began in July 1996 and Train 1 was completed in 1999, with Atlantic shipping its first LNG cargo to Boston in May, 1999.

Almost immediately after the plant began processing LNG, the company’s shareholders were once again in negotiations for an expansion of the plant to include two additional trains. On March 13, 2000, the Government of Trinidad and Tobago and Atlantic LNG signed an agreement, paving the way for a two-train expansion. It was a major capacity upgrade with Trains 2 and 3 boasting LNG output of 3.3mtpa and 6,000 bpd of NGLs. Train 2’s first loading was on August 12, 2002 and Train 3’s was on April 28, 2003.

In 2003, construction began on a fourth train, and Train 4 was completed in December 2005 – the largest train in the world at the time. With an LNG capacity of 5.2 mtpa and 12,000 bpd of NGLs, Train 4 was designed to solidify Trinidad and Tobago’s position as the largest exporter of LNG to the USA.

Today, the facility’s total production capacity is 15 mtpa.

Over the years, there have been shifts in ownership. For details, click here.

On September 22, 2010, the company launched a new corporate identity, moving from Atlantic LNG Company of Trinidad and Tobago, to Atlantic, in recognition of our role not only as a global LNG producer, but as a corporate entity committed to creating sustainable opportunities for Trinidad and Tobago.