Yet another energy company is seeking to trim staff. This time Atlantic LNG is offering its workers early separation packages.
The following is Atlantic LNG's statement.
"Atlantic will on June 14 2017, make a Voluntary Separation of Employment Package available to permanent employees.
Liquefied Natural Gas (LNG) production at Atlantic LNG totalled 2.2 million cubic metres in January, down 9% year on year, according to a bulletin released Tuesday by Trinidad and Tobago’s Energy Ministry.
Production at the Point Fortin, Trinidad, facility continues to be far short of capacity as a result of curtailments by natural gas producers.
The shortfall, caused by upgrades to gas infrastructure and decreased upstream investment by energy companies, is expected to continue through at least this year, according to industry officials.
LNG production at the Atlantic LNG gas liquefaction complex totaled two million cubic meters in June, down 16% year on year.
This is according to a bulletin released by the Energy Ministry.
The decline continues the trend of reduced production at the facility for the past 17 months compared with year-ago figures.
June LNG sales and deliveries from Atlantic LNG were 44.2 million MMBtu, down 20% year on year.
The company's sales and deliveries in June totaled 383,382 barrels, down 20% year on year.