THE Central Bank has stated that the continued closure of Atlantic LNG has resulted in a 44.9 percent drop in LNG output over a two-month period.
“The lack of available natural gas resulted in the Atlantic Train 1 LNG facility being taken down (closure) at the end of 2020,” the bank said in its latest economic bulletin.
“The plant has been placed in an ‘operations-ready mode,’ which will facilitate a quick restart when the required natural gas becomes available.
“The downtime at this facility, coupled with the planned maintenance operation at LNG Train 11 during March 2021, resulted in a 35.3 percent slide in LNG production during the first quarter.”
Overall, there was a 32 percent plummet in the refining sub-sector.
Natural gas production fell by 23 percent year-on-year.
Ammonia production declined by 9.9 percent.
PRIME Minister Dr. Keith Rowley, who is playing down reports of a $431 million cost…
THE local diplomatic community is still stunned that Prime Minister Dr. Keith Rowley held talks…
IT’S happening before our eyes. Attorney Gilbert Peterson pocketed almost $9 million with respect to…
PRIME Minister Dr. Keith Rowley was informed months ago that notorious Venezuelan gangs were carrying…
THE governments of Guyana, Barbados and Dominica last week gave Indian Prime Minister Narendra Modi…
LAVENTILLE West PNM party group and constituency officials are convinced that Fitzgerald Hinds was pushed…