Atlantic LNG said last week that it has not been approached by the government of Trinidad and Tobago to discuss any changes to its existing liquefied natural gas (LNG) contracts, despite claims earlier in the week by Trinidad Energy Minister Eric Williams that the company has not been passing along profits garnered from shifting LNG shipments to the premium U.S. market from Spain.
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Atlantic LNG Deflects Criticism Over Profiting from More U.S. Cargoes
Atlantic LNG said Wednesday that it has not been approached by the government of Trinidad and Tobago to discuss any changes to its existing liquefied natural gas (LNG) contracts, despite claims earlier this week by Trinidad Energy Minister Eric Williams that the company has not been passing along profits garnered from shifting LNG shipments to the premium U.S. market from Spain.
Independents Profiting, But Financiers Wary
Flush with profit from surging natural gas prices and a stockrise across the board this year of about 85%, North Americanindependents still appear to be in no rush to secure financing formore exploration and production activities. And unless you’ve gotequity or a strong balance sheet, lenders still may be wary beforejumping into any financing deals.