The speech was delivered at the company’s ninth annual Atlantic CEO’s Awards. In the speech, Darlow said that new LNG supply from both Australia and the US is not a challenge, due to their higher development costs. He added that the greater concern is maintaining Trinidad and Tobago’s global position in LNG with a steady and reliable source of gas supply.
Darlow said: “The fact is that the US and Australia cannot compete with Trinidad and Tobago in LNG.
“There is a lot of misinformed commentary. Trinidad and Tobago is in an excellent position in the global LNG market and that is a position we must continue to capitalise on. To maintain competitive advantage we must ensure that there is a steady and reliable source of gas supply.”
The Atlantic LNG CEO emphasised that the national gas policy should focus on creating an environment to incentivise the oil and gas sector, ensuring that Trinidad and Tobago continues to be attractive for international capital. Darlow also discussed the need for fair and equitable allocation of the gas shortfall across all gas consumers, with regard given for each company’s ability to compete successfully in their respective markets.
Noting that all global commodity prices are subject to cyclical change, Darlow emphasised that a diversified portfolio of energy commodities over the long-term was in the national interest, rather than a focus on short-term value.
Read the article online at: https://www.lngindustry.com/liquefaction/14062017/atlantic-lng-ceo-discusses-trinidad-and-tobago/