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Petrotrin refinery shut down

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Redman
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Re: Petrotrin refinery shut down

Postby Redman » January 10th, 2021, 4:55 pm

Thumb in the arse is more of your hands on experience.

Who said suddenly?
Facts:
Once in power what did they meet?
NGC drained of cash it generated at the top of the cycle ....and not generating free cash as it was...unresolved claims against curtailment since 2011.
And contracts up and down stream expiring have been on month to month for however long with upstream only out to 2018.
And of course BP and Shell deciding how much of their gas they send where.
All this ...yet all PP did was grab dividends at an unprecedented rate.


NGC cannot force BP She'll or the other producers to produce more gas for PTL while at the same time BP/Shell supply LNG directly.

This is all in the midst of the restructuring of the LNG complex arrangements...for all trains...increasing the take for us.

Is BP/Shell above using supply to PTL to put pressure on GORTT re LNG negotiations?






Ie NGC does not control the volume that it gets nor the split between LNG and PTL.

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Re: Petrotrin refinery shut down

Postby De Dragon » January 10th, 2021, 5:14 pm

Redman wrote:Thumb in the arse is more of your hands on experience.

Who said suddenly?
Facts:
Once in power what did they meet?
NGC drained of cash it generated at the top of the cycle ....and not generating free cash as it was...unresolved claims against curtailment since 2011.
And contracts up and down stream expiring have been on month to month for however long with upstream only out to 2018.
And of course BP and Shell deciding how much of their gas they send where.
All this ...yet all PP did was grab dividends at an unprecedented rate.


NGC cannot force BP She'll or the other producers to produce more gas for PTL while at the same time BP/Shell supply LNG directly.

This is all in the midst of the restructuring of the LNG complex arrangements...for all trains...increasing the take for us.

Is BP/Shell above using supply to PTL to put pressure on GORTT re LNG negotiations?






Ie NGC does not control the volume that it gets nor the split between LNG and PTL.

Boo facking hoo :roll: You inherited a sheit situation, but your solution is to wallow in the sheit and bawl "woe is me?" As a former manager of mine used to say "don't slip on your tears on your way to solve the facking problem!"
Also splits are still going to be based on shareholdings, so a unitary position would only get us the gas to run Train 1, not "increase our take" The GORTT of T&T has historically placed us in the bottom feeder positions of any industries that have come here.

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Re: Petrotrin refinery shut down

Postby Redman » January 10th, 2021, 5:31 pm

Well if it is that you think nothing has been happening....then you haven’t been paying attention...do some googling before you respond.

And not surprisingly you way off base wrt how we get paid from LNG.
Which explains quite a bit.

Do some homework and then post....at this point it better you stay at the LFDRFD level of discussion

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Re: Petrotrin refinery shut down

Postby De Dragon » January 10th, 2021, 5:57 pm

Redman wrote:Well if it is that you think nothing has been happening....then you haven’t been paying attention...do some googling before you respond.

And not surprisingly you way off base wrt how we get paid from LNG.
Which explains quite a bit.

Do some homework and then post....at this point it better you stay at the LFDRFD level of discussion

Ahh resorting to your typical dumb way when your arguments fail.
The fact that the GORTT has to go begging for gas, and to agree to finance an entire $300 million dollar TAR as a minority shareholder shows that we're peewats in this game, and this is largely due to our own failure. You cannot polish a turd, and this is a helluva turd we have here.

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Re: Petrotrin refinery shut down

Postby Redman » January 10th, 2021, 6:30 pm

If my argument has failed...copy a point I made and refute it.

We were peewats when we started....we are still peewats... although that has nothing to do with Train 1.

If us being peewats is your big reveal....lol.

Remember. .homework ..learn how we get paid as a country from our resources...start with LNG.
Comeback and share.

Cuz your position below clearly indicates that you have a peewats grasp of the discussion.
Almost at LFDRFD level.

Also splits are still going to be based on shareholdings, so a unitary position would only get us the gas to run Train 1, not "increase our take" The GORTT of T&T has historically placed us in the bottom feeder positions of any industries that have come here.

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Re: Petrotrin refinery shut down

Postby Habit7 » January 10th, 2021, 6:42 pm

Ppl like De Dragon and even those without mental problems, who try without basis to criticise the PNM but excuse the UNC, need to be dashed with doses of reality and facts like this. The issues at Pt Lisas are not just PNM or UNC in nature. There are several factors such as product demand, competition, upstream maintenance, pricing due to deeper and further offshore gas, etc. When you just say it is Franklin Khan's or PNM's fault you are just advertising your ignorance of the subject.

At least with ZR we know is trolling UNC supporters, but when actual UNC supporters repeat the typical pedestrian conclusions as if PNM supposed to wave a magic wand and fix what UNC couldn't fix, therefore it is PNM fault. Pt Lisas, Atlantic LNG, Petrotrin, NGC and all other wonderful stations of prosperity PNM developed were not meant to be forever, or at least in the same configuration. A responsible govt adjusts to make the transition and the fruits are seen sometimes decades down the road. In other cases, it is seen the next year as was the case with Heritage Petroleum and Paria.

Point is, preaching gloom and doom will not make UNC return to govt, for the last 10yrs it has not been working.

8 energy firms lost $10b in last 4 years
Dec 12, 2014

From 2010 to 2014, eight energy companies based in the Point Lisas Industrial Estate suffered combined losses of US$1,639,694,699.20 (or roughly TT$10 billion) because of irregular natural gas supply.
In turn, the National Gas Company (NGC) lost US$653.3 million (about $4.1 billion) in revenues, the Government lost US$217.4 million (about TT$1.3 billion) in corporation tax and US$1.4 million (TT$8.82 million) for the Green Fund.
On August 25, the Point Lisas Energy Association (PLEA) of CEOs which comprises Ian Welch, managing director of PCS Nitrogen and chairman of PLEA, Jerome Dookie— the chief executive of Caribbean Nitrogen Company, Dennis Patrick—the chief executive of Methanol Holdings Ltd, Roberto Mantellini- president of Point Lisas Nitrogen Ltd, Robert Bellisle- managing director and chief executive of Arcelor Mittal Point Lisas Ltd, Charles Percy-the chief executive and managing director of Methanex Trinidad Ltd, Jay Henderson— managing director of Nu-Iron Trinidad and Tobago and Richard de La Bastide— president of Yara Ltd, penned a three-page letter about the gas supply curtailments to Energy Minister Kevin Ramnarine.
The chief executives said despite their plea in 2011 that the matter be addressed, they were "severely affected by frequent curtailment in the supply of natural gas to our various plants".
PLEA noted that they had tried to collaborate with other stakeholders in an effort to come up with solutions to the problem.
"PLEA even facilitated and paid for consultants to work with the Group you agreed to form to look at the shortfall issue. Sadly, to date, little progress has been made. Indeed, despite these efforts, and notwithstanding numerous assurances to the contrary, the gas curtailments continue unabated and have been worse than forecast and appear to have no end in sight.
"As a result of this situation, our respective companies, and by extension, the Government and the people of Trinidad and Tobago, continue to lose significant revenue daily," the letter stated.
"This does not include the other indirect losses and expenses such as the damage caused to our equipment by constantly having to cycle the plants to respond to broad fluctuations in supply, and the impact that this has had on the equipment's ability to continue to produce safely at design capacity. Nor does it capture the full trickle-down effect on and the opportunity cost to the nation. Additional indirect effects include the increased risk of accidents and environmental mishaps and the development of a reputation as an unreliable supplier of petrochemical products.
"Honourable Minister, the image that is being painted of Trinidad and Tobago is a place where the gas is either running out or the supply has been overcommitted. The longer this image is allowed to persist, the less attractive the country will be as a venue for foreign direct investment. Numerous investors have passed up the opportunity of investing in Trinidad and chosen to invest in other countries where the supply of gas is more readily available and consistent. We fear that unless the situation is soon brought under control and the confidence in the availability of gas to be supplied to our plants is restored, we may soon witness the permanent closure and migration of plants from Trinidad and the collapse of the Point Lisas model," the letter observed.
They said the situation required "immediate and definitive handling" and called for critical measures, which they identified as:
1. Concrete action items within a timeline to restore a reliable, stable contract gas supply to PLEA in the shortest time
2. Appropriate planning and communication of items in 1 above
3. Short, medium and long-term outlook of gas supply so the proper planning can be affected. (It is understood that this can only be made possible with accurate forecasts of well-depletion rates superimposed by new production capacity)
4. An understanding of the new gas-consuming projects that have been announced and progressing. What is the plan for the supply of gas to these projects given that the gas shortages being experienced by existing consumers have not been addressed
5. Reinstate the Reserve Gas/Gas Behind-Pipe to mitigate unplanned upstream outages that will significantly reduce curtailments in Point Lisas."
PLEA said while they appreciated Ramnarine's efforts, "given the severity of the problem and the very dire consequences with which we-and the country as a whole-are faced, we consider it our duty to escalate the matter and strongly recommend that immediate action be taken to reverse this worsening and prolonged situation".
"Please be assured of the ongoing cooperation of our companies towards sustainable solutions and improvement in the economy of Trinidad and Tobago," the letter ended with the signatures of all eight chief executives.
That letter had followed a letter penned by PLEA on October 3, 2011 which had also called on Ramnarine to address the gas situation because of mounting losses by the plants.
That letter observed: "In implementing these curtailments, the NGC also continues to claim the protection of force majeure clauses in our contracts. There is dissimilarity between the contracts in this regard. While the clauses provide the NGC with a shield in genuine cases of events beyond its control (subject to the limitations set out in the contracts), the expectations are that the NGC must take every reasonable step to limit the force majeure event and its consequences. Furthermore, contractually, the NGC is obligated to meet with us to discuss the consequences of the force majeure event, and the intended remedial actions to be implemented. This simply has not occurred. Indeed, the NGC routinely gets notification of shut-downs from its suppliers, and then passes these over to us forcing us to reduce production rates."
PLEA had made some recommendations then to Ramnarine. They were:
1. Gas users contracting directly with gas producers- If as gas users, we are, as a matter of policy, free to contract directly with producers, the local gas supply market will become a more transparent and competitive one which will be conducive to the settlement of more attractive terms and, address all the issues of supply that impact or have the potential to impact our productivity.
2. Re-ordering of priority for gas supply— the current status of gas supply priority, gives the LNG producers the highest priority of supply after electricity generation in instances of gas curtailment. We believe that it is time to re-order the gas supply priority so that except for electricity generation, all gas users share curtailments pro rata. In current markets, not only are we losing out but government revenue suffer as well, when it should be benefitting from high commodity prices.
3. Provision of a buffer gas supply- the NGC's gas suppliers have the available capacity and infrastructure to provide the NGC with an adequate quantity of stand-by or buffer gas which can be used in circumstances where the regular supply is curtailed for unforeseen disruptions. This would of course necessitate a negotiation of terms between the NGC and its able suppliers.
4. Trading among gas users- Given the volatility of the petrochemical markets in which we operate, we propose, in the instances of gas supply restrictions, that we be allowed to enter into commercial arrangements among ourselves, which would allow us the flexibility to determine the rate at which we should each operate, while at the same time complying with the NGC's request to reduce overall production rates. This would ensure that if market conditions are good for one of us, then the opportunity arises for negotiation, which would allow a user to benefit as much as possible in the prevailing market.
5. Re-pressing of old Petrotrin wells- As a means of providing additional gas storage, we suggest that the old Petrotrin wells can be reconditioned and re-pressured to be used for underground storage which we can tap into as needed.
6. More equitable sharing of the burden. Given the premier position enjoyed by the NGC in our gas sector, we believe it is important for us to have a more equitable sharing of the burden, as well as the benefit. Specifically, in each of our gas contracts, we agree to a take or pay clause. We believe that consideration must be given to the development of a deliver or pay formula whereby if the NGC fails to deliver to its customers, it will accept a reasonable portion of the financial fall-out. This type of policy will create an incentive- based culture, which promotes efficiency and accountability from which our country will ultimately benefit.
Contacted yesterday to comment on the letter, Ramnarine maintained the stance he'd taken in an interview with the Sunday Express two weeks ago, that the problem won't be set right until 2017.
"There is a gap between what could be supplied and what is the total demand. And that gap is probably five to ten per cent," he had said.
"I am going to be honest with you, that situation will not go away for the next two and a half years. Where we will get relief is in the year 2017 when the Juniper (a bpTT gas field) comes on."
Last week BG's Starfish field came into production.
"That's good news. It helps. It's a bit late. It had a slippage in schedule because of rough seas but it is going to come on in stages. They will bring in the first well next week, by January they will bring in the second well and by March they will bring on the third well. It will add 220 million standard cubic feet of gas (mmcf/d). That is not going to alleviate the problem, it's going to help but it won't make it go away. We are in this supply-demand situation for the next two and a half years," he had said.

https://trinidadexpress.com/news/local/ ... 1eea6.html

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Re: Petrotrin refinery shut down

Postby Redman » January 11th, 2021, 2:37 pm

Radio silence.

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Re: Petrotrin refinery shut down

Postby elec2020 » January 11th, 2021, 3:06 pm

deafening silence

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Re: Petrotrin refinery shut down

Postby sMASH » January 11th, 2021, 3:19 pm

sooo, the solution is, to jam them with tax hikes or natural gas prices to make them even more unprofitable????

jess remember, most of those companies have interests in north america and europe, closer to their markets. if the difference in overall cost to produce is more than the cost to ship, they could very well pack up and leave.
play ball too hard and they will leave we with we ball, and find someone else to play with.

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Re: Petrotrin refinery shut down

Postby Redman » January 11th, 2021, 6:54 pm

Go tell BP and Shell smash say drop your prices.

That should work.

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Re: Petrotrin refinery shut down

Postby DreamWeaver » January 11th, 2021, 8:39 pm

We can all rant and rave about who is to blame but going forward, I don't think any govt can fix what comes next. The local energy sector will collapse, starting with point lisas as we have been witnessing over the last few years with plant closures. What is perhaps the biggest disappointment is none of the past or present govts took the opportunity to implement real, tangible diversification goals. Mostly just lip service while they spent their terms in office plundering the treasury. Oil, gas and petrochemicals were never supposed to be the end all. From the minute we started drilling the ground, we knew that it wouldn't last forever and that the money we would make from non-renewables should go towards developing a self sustaining economy.

We're at a junction where we need to take the bitter medicine and diversify or die and still here we are, 'praying' for the energy sector to rebound.

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Re: Petrotrin refinery shut down

Postby sMASH » January 11th, 2021, 8:46 pm

Redman wrote:Go tell BP and Shell smash say drop your prices.

That should work.

eat little, live long. or the dog and bone story. since imburt dem want to know how injun could build big house sellin punkin and bodi, and dont participate in the formal banking system

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Re: Petrotrin refinery shut down

Postby alfa » January 11th, 2021, 9:06 pm

DreamWeaver wrote:We can all rant and rave about who is to blame but going forward, I don't think any govt can fix what comes next. The local energy sector will collapse, starting with point lisas as we have been witnessing over the last few years with plant closures. What is perhaps the biggest disappointment is none of the past or present govts took the opportunity to implement real, tangible diversification goals. Mostly just lip service while they spent their terms in office plundering the treasury. Oil, gas and petrochemicals were never supposed to be the end all. From the minute we started drilling the ground, we knew that it wouldn't last forever and that the money we would make from non-renewables should go towards developing a self sustaining economy.

We're at a junction where we need to take the bitter medicine and diversify or die and still here we are, 'praying' for the energy sector to rebound.

But diversify into what exactly? We have been hearing about diversification for decades now but agriculture just isn't going to cut it in terms of huge profits and even on our best day with zero crime Rio has a better carnival than us and Barbados and Jamaica better beaches so tourism is out as a primary revenue earner. Nothing can ever compare to oil and gas unfortunately

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Re: Petrotrin refinery shut down

Postby De Dragon » January 11th, 2021, 9:28 pm

alfa wrote:
DreamWeaver wrote:We can all rant and rave about who is to blame but going forward, I don't think any govt can fix what comes next. The local energy sector will collapse, starting with point lisas as we have been witnessing over the last few years with plant closures. What is perhaps the biggest disappointment is none of the past or present govts took the opportunity to implement real, tangible diversification goals. Mostly just lip service while they spent their terms in office plundering the treasury. Oil, gas and petrochemicals were never supposed to be the end all. From the minute we started drilling the ground, we knew that it wouldn't last forever and that the money we would make from non-renewables should go towards developing a self sustaining economy.

We're at a junction where we need to take the bitter medicine and diversify or die and still here we are, 'praying' for the energy sector to rebound.

But diversify into what exactly? We have been hearing about diversification for decades now but agriculture just isn't going to cut it in terms of huge profits and even on our best day with zero crime Rio has a better carnival than us and Barbados and Jamaica better beaches so tourism is out as a primary revenue earner. Nothing can ever compare to oil and gas unfortunately

Laziness and lack of innovation on our part. Look at countries with no oil and gas like Singapore, Japan etc. Also look to countries with gas and oil that chose to save most of it in a sovereign fund like Norway which made 180 billion USD in 2019.
What do we do here? Raid our HSF to fund "the lifestyle which we have grown accustomed to" :roll:

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Re: Petrotrin refinery shut down

Postby DreamWeaver » January 11th, 2021, 9:38 pm

alfa wrote:
DreamWeaver wrote:We can all rant and rave about who is to blame but going forward, I don't think any govt can fix what comes next. The local energy sector will collapse, starting with point lisas as we have been witnessing over the last few years with plant closures. What is perhaps the biggest disappointment is none of the past or present govts took the opportunity to implement real, tangible diversification goals. Mostly just lip service while they spent their terms in office plundering the treasury. Oil, gas and petrochemicals were never supposed to be the end all. From the minute we started drilling the ground, we knew that it wouldn't last forever and that the money we would make from non-renewables should go towards developing a self sustaining economy.

We're at a junction where we need to take the bitter medicine and diversify or die and still here we are, 'praying' for the energy sector to rebound.

But diversify into what exactly? We have been hearing about diversification for decades now but agriculture just isn't going to cut it in terms of huge profits and even on our best day with zero crime Rio has a better carnival than us and Barbados and Jamaica better beaches so tourism is out as a primary revenue earner. Nothing can ever compare to oil and gas unfortunately


Well step one would be to look at our importations and create industries to develop for our local needs. Agriculture is one but same can be done for synthetics like what methanol is exported to produce and we end up just importing back. Same goes for fertilizer for agriculture which is made from ammonia that we just export and import back as fertilizer. The thing about diversification is that we can venture into many different fields where we can make ourselves self sufficient and even export if things get better. This way, we reduce the amount of revenue the govt needs to generate to keep importing to 'maintain our lifestyle'. And I dont know who keeps tricking people into believing that we need to specialise in one field. First, it was sugar, then is was oil, now it's mainly natgas. We can diversify and do so much while at the same time making this country self sufficient and able to sustain itself regardless of what goes on around the world.

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Re: Petrotrin refinery shut down

Postby De Dragon » January 11th, 2021, 9:41 pm

Redman wrote:If my argument has failed...copy a point I made and refute it.

We were peewats when we started....we are still peewats... although that has nothing to do with Train 1.

If us being peewats is your big reveal....lol.

Remember. .homework ..learn how we get paid as a country from our resources...start with LNG.
Comeback and share.

Cuz your position below clearly indicates that you have a peewats grasp of the discussion.
Almost at LFDRFD level.

Also splits are still going to be based on shareholdings, so a unitary position would only get us the gas to run Train 1, not "increase our take" The GORTT of T&T has historically placed us in the bottom feeder positions of any industries that have come here.

Show me how funding an entire TAR as a minority shareholder makes any sense, since all of a sudden you're David Renwick reincarnated. Reincarnated as a LFDRFD PNM dummy though.

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Re: Petrotrin refinery shut down

Postby Redman » January 12th, 2021, 4:58 am

Refute means:
Prove (a statement or theory) to be wrong or false; disprove.
It doesn't mean asking for more help.

We've been through this already, but clearly you still not grasping the concept s from earlier in the thread.

Your ignorance and insecurities showing.
It's all there go back read slowly...use that PNM education that got you this far.

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Re: Petrotrin refinery shut down

Postby De Dragon » January 12th, 2021, 6:07 am

Redman wrote:Refute means:
Prove (a statement or theory) to be wrong or false; disprove.
It doesn't mean asking for more help.

We've been through this already, but clearly you still not grasping the concept s from earlier in the thread.

Your ignorance and insecurities showing.
It's all there go back read slowly...use that PNM education that got you this far.

Yes, being a condescending arse is a worthy comeback, made all the more so when you clearly don't know one fack about TAR's, Pt. Lisas, gas supply and basically everything energy, except what your regurgitating here from the trifecta of energy fackups, JUHN, Goebbels and Guy Smiley.

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Re: Petrotrin refinery shut down

Postby Redman » January 12th, 2021, 7:12 am

Well Dragon, you asked the same question 2 pages ago.
I posted what I thought, in fact showed how it could be sensible and logical.

If you're asking the same thing without acknowledging that links, and some details were posted in reply to your initial question... you need togo back and read it

And true to form you revert to childish behavior name calling while not disproving or putting any information to contradict anything....and then cry fowl.

Condescension is what you get...when childish attitudes prevail.


Anyhow....your question regarding TAR was answered.

Govt has increased its take from Train 1 and is in the process of resetting the agreements on the others.

All of this has been posted,and linked in the thread.

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Re: Petrotrin refinery shut down

Postby De Dragon » January 12th, 2021, 7:24 am

Redman wrote:Well Dragon, you asked the same question 2 pages ago.
I posted what I thought, in fact showed how it could be sensible and logical.

If you're asking the same thing without acknowledging that links, and some details were posted in reply to your initial question... you need togo back and read it

And true to form you revert to childish behavior name calling while not disproving or putting any information to contradict anything....and then cry fowl.

Condescension is what you get...when childish attitudes prevail.


Anyhow....your question regarding TAR was answered.

Govt has increased its take from Train 1 and is in the process of resetting the agreements on the others.

All of this has been posted,and linked in the thread.

Condescension works better when you actually know what you're talking about. :wink:
To 100%? If not, again, why are they SOLELY funding a $300M TAR?
The question about the TAR was asked again, because none of your long winded theories made sense, they still don't
The viability of Train 1 is to be seriously questioned when even the majority owners don't see the financial sense in funding the TAR. Then you have Guy Smiley seriously saying that gas is dependent on the TAR :shock: So, spend $300M, then maybe you'll get gas to run it. That makes sense to you? Then again you're steeped in LFDRFDism so we know the answer to that!
BP/Shell seems to have found a sap in Guy Smiley, or is it JUHN Scarfy and Goebbels Young?(it's hard to tell :roll: )

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Re: Petrotrin refinery shut down

Postby Redman » January 12th, 2021, 12:43 pm

Do you know?
If so post the details of the TAR so that we can see why you have made your conclusion.

The point is that you do not know.

Now it is possible for BP and Shell to agree to compensation for the GORTT in money gas or increased yield from T1 ...in return for the outlay of the 300M

It may be a surprise to you that there are several ways for GORTT to be paid for the resource.

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Re: Petrotrin refinery shut down

Postby De Dragon » January 12th, 2021, 11:36 pm

Redman wrote:Do you know?
If so post the details of the TAR so that we can see why you have made your conclusion.

The point is that you do not know.

Now it is possible for BP and Shell to agree to compensation for the GORTT in money gas or increased yield from T1 ...in return for the outlay of the 300M

It may be a surprise to you that there are several ways for GORTT to be paid for the resource.

I never claimed to have knowledge of Train 1's TAR, however, I have worked on several plants that did TAR's and they ALL were planned YEARS in advance.
One does not simply decide to do a TAR and it happens in a month.
One also simply doesn't do a TAR unless you're guaranteed to run it for another 100000 man hours at optimum output.
One does not do a TAR and then ask "wey de gas?" :roll:
The $300 M figure also indicates that it is a major TAR, which means the planning would have had to have begun long before, Guy Smiley/JUHN Scarfy/Goebbels Young are clearly asking us to hold something,

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Re: Petrotrin refinery shut down

Postby Redman » January 13th, 2021, 6:36 am

Aha the ZR position of working dey and therefore I know....despite Demonstrating that lack of knowledge of the details.

And you are conclusive on something you stated you have no knowledge of.
Surprise Surprise.

But Khans position was that they are in negotiations for the Train one, what happens this year, and for additional gas, and the timelines run into 2022,
As part of the initiation of the arrangements of all the plants.

So no one planned nuttin in a month...and based on your posts...I'm pretty sure they have a better handle on what it takes than you.
And they understand how the plant generate returns on any investment which seems to have evaded you...get a 10 days in the accounts dept
Comeback and share

Redman
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Re: Petrotrin refinery shut down

Postby Redman » January 13th, 2021, 7:21 am

This was May2020,
Seems they might know how to plan stuff.

https://www.bp.com/en_tt/trinidad-and-t ... antic.html

Today, Shell, BP and the National Gas Company (NGC), as shareholders of Atlantic, met with the honourable Prime Minister Dr. Keith Rowley and members of Cabinet to progress discussions on the restructuring of the commercial arrangements that govern Atlantic’s operations.

It is expected that the negotiations amongst the Atlantic shareholders will result in the unitization of the Atlantic entities that own the four LNG trains into a single entity with a simplified commercial structure which will enable long- term investments in the upstream and at Atlantic. Unitization will also enable greater operating efficiency and flexibility and ensure that Atlantic continues to operate as a world class LNG facility that can compete with new sources of LNG supply in the Atlantic basin. The negotiations will also seek the equitable sharing of returns for both Trinidad and Tobago and the Atlantic shareholders.

Shell, BP and NGC as shareholders of Atlantic believe that restructuring will help ensure sustainability of Atlantic and will create the environment for future investments in Trinidad and Tobago’s gas industry. The parties also discussed their commitment to conclude negotiations on the extension of Atlantic Train 1 operations beyond March 2020.

William Lin, COO Upstream Regions BP said, “We remain committed to working with our partners in Atlantic and with the government to create a future structure for Atlantic that allows it to be a world class producer of LNG and one that ensures equitable returns for both the country and shareholders.”

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De Dragon
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Re: Petrotrin refinery shut down

Postby De Dragon » January 13th, 2021, 7:23 am

Redman wrote:Aha the ZR position of working dey and therefore I know....despite Demonstrating that lack of knowledge of the details.

And you are conclusive on something you stated you have no knowledge of.
Surprise Surprise.

But Khans position was that they are in negotiations for the Train one, what happens this year, and for additional gas, and the timelines run into 2022,
As part of the initiation of the arrangements of all the plants.

So no one planned nuttin in a month...and based on your posts...I'm pretty sure they have a better handle on what it takes than you.
And they understand how the plant generate returns on any investment which seems to have evaded you...get a 10 days in the accounts dept
Comeback and share

Now you're being a jackarse. You don't have to be intimate with Train 1's TAR to know about TAR's
Any TAR, especially one costing $300M is bound to be a major one, and those require years of planning, which in case you're not actually dotish, but playing so again, means that the planning was in advance since last year, maybe even before.
Also LFDRFD PNM 2NR PRO, NO TAR EVER proceeded or was undertaken with an uncertain gas supply contract, as people with even half a brain aren't so dotish.
Stop being an ignorant tunts, and realize that you're drowning in sheit, and self rescue by humbling your dotish self, and listen to people who actually were, and still are involved in planning and executing these massive projects.

Redman
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Re: Petrotrin refinery shut down

Postby Redman » January 13th, 2021, 7:26 am

So now one doesn’t have to be intimate to know....so your big position on hands on...is now inconvenient to you.

Kk got it.

At least you right they planning this a while..at least you got that right.

Well done.

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De Dragon
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Re: Petrotrin refinery shut down

Postby De Dragon » January 13th, 2021, 7:39 am

Redman wrote:So now one doesn’t have to be intimate to know....so your big position on hands on...is now inconvenient to you.

Kk got it.

At least you right they planning this a while..at least you got that right.

Well done.

Lemme make it simple so even your brain will comprehend.
ALL TAR's for a major industrial plant follow the same model, ALL. Therefore one doesn't need to know the specific details of Train 1"s to now how a TAR is planned and the time it takes. An anology to further help the 2NR PRO LFDRFD PNM Bag Seller, a mechanic doesn't need to know a specific engine to know what a rebuild entails, how long it takes, what parts you need, the cost etc.
Keep trying, JUHN Scarfy needs the cheering up!

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Re: Petrotrin refinery shut down

Postby elec2020 » January 13th, 2021, 7:41 am

de dragon is so toxic. whenever he feels the need to show how right he is he descends into a profanity laden tirade. newsflash that only makes u look more stupid than u really are

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De Dragon
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Re: Petrotrin refinery shut down

Postby De Dragon » January 13th, 2021, 7:47 am

elec2020 wrote:de dragon is so toxic. whenever he feels the need to show how right he is he descends into a profanity laden tirade. newsflash that only makes u look more stupid than u really are

Pantyman, nobody was talking to you. Are you so LFDRFD PNM cult enamored that you feel the need to defend every single anti-LFDRFD PNM thing I post. I know Plastic is your mentor, and he needs all the help he can get but you're just irritating now.

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Re: Petrotrin refinery shut down

Postby Habit7 » January 13th, 2021, 7:54 am

elec2020 wrote:de dragon is so toxic. whenever he feels the need to show how right he is he descends into a profanity laden tirade. newsflash that only makes u look more stupid than u really are

He acts as if him getting vex make him more right. As if facts don't matter to him. Continue to jam him with facts, his attitude is just a coping mechanism.

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