THE restructuring of Atlantic is almost complete.
BPTT in a press release on Wednesday confirmed discussions with Atlantic shareholders and the Government for the restructuring of the Liquefied Natural Gas plant.
BPTT stated that a heads of agreement have been established for the restructuring. “This provides a framework for continued cooperation among all stakeholders to a create a simpler commercial structure to support more efficient utilisation of the LNG trains and improve value to Trinidad and Tobago,” bpTT stated.
The company added that the Atlantic shareholders and Government were focused on the next stage of negotiations to get to fully termed agreements, as the delivery of these on a timely basis will be important to underpin decisions on the next wave of upstream investments.
