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sMASH wrote:lets wait to confirm... but if it eh ha no gyas,,, it eh ha no gyas... how de 4q u expect to run the plant if all the other plants using all d gyas....
Redman wrote:De Dragon wrote:Redman wrote:De Dragon wrote:Redman wrote:Nice to see that you started reading..but you need to do more.
The real issue is the transfer pricing and the rules that enable BP and Shell to avoid sharing revenue based on related parties sales etc.
This is you below.
Also splits are still going to be based on shareholdings, so a unitary position would only get us the gas to run Train 1, [b]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.[/b]
Our shareholding is not going to get us more revenue/increase our take if there is:
1) No gas for Train 1, yet to be addressed
2) Train 1 runs at lower capacity, which is also yet to be addressed.
3) A $300M albatross of a fully funded TAR around our necks.
Keep trying though, the deeper you go, the more amused I get, especially when you're trying to be condescending but talking stuff that belongs in a septic tank.
You asked.me to show you where you made the stupid shareholding point...I did...yuh still vex.
I see you move the goalposts on that one.Normel.
Articles and Poten and Farrel detail why and how thing are and a structured way forward....that the GORTT seems to be following...you eh studying that, PNM don't follow reports....like the WFO you gloss over the summary without going any further.
Trains 2,3 and 4 come off contract in the next few years starting next year...all of the commercial structures being renegotiated....you still sure that it wrong.
But having train 1 run up and running while the others come off and gas frees up for renegotiation certainly is still a bad thing in your mind having already decided the TAR should wait until you ready.
You have zero knowledge about the return of the 300M...what it brings us back in return for making the commitment..yet it's an albatross....theonly certainty here is that you remain ignorant of the details to make a real judgement on the prudence and benefits of the 300M.
The simple fact that BP and Shell stated recently that gas supplies will improve 2022 ish means that things can and probably will improve gas wise...
All of this has to be taken in the context of an entire restructuring of the way TnT monetizes it's NG resources..is there risk?...of course...but that's the nature of it.We feeling the hurt from previous admins doing nothing.
BP/Shell have committed to this process...the GORTT is involved since 2015.....unlike your party who just saw money and spent it despite having knowledge of the issues.
And you still blathering.
Chupidee, at the rate which companies are packing up and leaving, there will be no one to sell it to
All that drivel you typed there and you're still just defending arseness. You have NO idea how the PNM royally facked up the nat gas industry in T&T for everyone EXCEPT BP/Shell.
Where are the companies rushing to sign up after their contracts expire? Leaving!
the companies have plants all over the world and shift operations tactically and strategically.
Methanex shuts in plants and restarts based on as do all the multinational players that are here.
So enough with the melodramatic noise.
The company also made it clear that there would be no gas for Atlantic’s Train 1.
“In terms of gas supply, following the disappointing results from our 2019 infill drilling programme we have since refocused our production operations on maximising production from our existing fields in the short-term, actively taking measures to offset natural declines. Even though these factors helped production at the beginning of 2020, natural declines continue to be a challenge as we manage our gas deliverability for 2021.
“While we continue to progress our Matapal and Cassia C projects, the volumes from these developments will be put towards fulfilling our existing contractual obligations for Trains 2, 3, 4 and NGC,” it said.
sMASH wrote:the 90% shareholders wanted to mothball the plant and not even do the TAR till there was more nearer to gas being available. its rowley say he dont want to keep the pant down and decided to raid NGC to fund the WHOLEEE tar, when u only have 10% shares.
they did the tar and it still dont have gas to run, but paying all the salaries to keep people on site, cause it not mothballed.
if u dont have gas, u dont have gas. leff it down, minimize costs till u get gas to run it up. at that time u call back ur people
thats how its done. a plant doesnt run on political will/bullying/grandstanding. it runs on gas. u have none from last year for a couple years.
De Dragon wrote:sMASH wrote:the 90% shareholders wanted to mothball the plant and not even do the TAR till there was more nearer to gas being available. its rowley say he dont want to keep the pant down and decided to raid NGC to fund the WHOLEEE tar, when u only have 10% shares.
they did the tar and it still dont have gas to run, but paying all the salaries to keep people on site, cause it not mothballed.
if u dont have gas, u dont have gas. leff it down, minimize costs till u get gas to run it up. at that time u call back ur people
thats how its done. a plant doesnt run on political will/bullying/grandstanding. it runs on gas. u have none from last year for a couple years.
Ollour forget Red Colostomy Bag and Tuntsy was Ops Managers or wha'?
zoom rader wrote:De Dragon wrote:sMASH wrote:the 90% shareholders wanted to mothball the plant and not even do the TAR till there was more nearer to gas being available. its rowley say he dont want to keep the pant down and decided to raid NGC to fund the WHOLEEE tar, when u only have 10% shares.
they did the tar and it still dont have gas to run, but paying all the salaries to keep people on site, cause it not mothballed.
if u dont have gas, u dont have gas. leff it down, minimize costs till u get gas to run it up. at that time u call back ur people
thats how its done. a plant doesnt run on political will/bullying/grandstanding. it runs on gas. u have none from last year for a couple years.
Ollour forget Red Colostomy Bag and Tuntsy was Ops Managers or wha'?
Those two clowns have never worked in Industry , all they do is sit and pull outdated obscure articles and try to present that as facts
sMASH wrote:small pin trying to find the funds to keep the plant with a budget UNTILLL it get gas available.
strange hill to die on, but is money that could be used else where better.
Red government running a parlourDe Dragon wrote:sMASH wrote:small pin trying to find the funds to keep the plant with a budget UNTILLL it get gas available.
strange hill to die on, but is money that could be used else where better.
Dotish LFD RFD PNM kants and their kant supporters like Tuntsy and Colos will defend this wholeheartedly, heck, Colos already said $300M is "small ting" in exchange for the supposed billions that I guess we will get from liquefying air in lieu of gas
zoom rader wrote:Red government running a parlourDe Dragon wrote:sMASH wrote:small pin trying to find the funds to keep the plant with a budget UNTILLL it get gas available.
strange hill to die on, but is money that could be used else where better.
Dotish LFD RFD PNM kants and their kant supporters like Tuntsy and Colos will defend this wholeheartedly, heck, Colos already said $300M is "small ting" in exchange for the supposed billions that I guess we will get from liquefying air in lieu of gas
De Dragon wrote:sMASH wrote:small pin trying to find the funds to keep the plant with a budget UNTILLL it get gas available.
strange hill to die on, but is money that could be used else where better.
Dotish LFD RFD PNM kants and their kant supporters like Tuntsy and Colos will defend this wholeheartedly, heck, Colos already said $300M is "small ting" in exchange for the supposed billions that I guess we will get from liquefying air in lieu of gas
Redman wrote:De Dragon wrote:sMASH wrote:small pin trying to find the funds to keep the plant with a budget UNTILLL it get gas available.
strange hill to die on, but is money that could be used else where better.
Dotish LFD RFD PNM kants and their kant supporters like Tuntsy and Colos will defend this wholeheartedly, heck, Colos already said $300M is "small ting" in exchange for the supposed billions that I guess we will get from liquefying air in lieu of gas
What I actually said is posted above by Smash.
If your recall was half as accurate as your spelling,your opinion might be worth taking seriously,but it just remains self promotional blather.
Blather on king,blather on.
Redman wrote:Like I said, blather.
And yeah you are lying as normal.
He iz ah opinion columnist? 
Redman wrote:You said that I said 300 was small thing.
I didn't.
I called you a liar...I still am calling you a liar.
Curtis Williams et Al ...the state of the economy or gas availability..just has nothing to do with your consistent lies during your long-winded blathering.
ETA...Curtis Williams you fkin ain't.
) would read that passage, and not recognize the colossal blunder that the LFD RFD PNM and their energy wizards JUHN Scarfy and Goebbels foisted on us. De Dragon wrote:Redman wrote:You said that I said 300 was small thing.
I didn't.
I called you a liar...I still am calling you a liar.
Curtis Williams et Al ...the state of the economy or gas availability..just has nothing to do with your consistent lies during your long-winded blathering.
ETA...Curtis Williams you fkin ain't.
But a LFD RFD PNM dotish sheep you is!
I see you took a page from your equally dotish LFD RFD PNM brother Tunts7, and now relying on semantics. Did you or didn't you dismiss the $300M and say "we still ahead?" Care to tell us how much ahead we are now?
No? Your kant well shut now that the ones you leaned on so heavily like BP etc, have now come out and said there is no gas, and the plant is heading for mothball status. No one with a modicum of sense, (that's you Colos
Trinidad Express July 19 2021
ENERGY major BP said there is no “ongoing fight” between itself and the minority shareholder of Atlantic, Royal Dutch Shell.
In a statement issued late yesterday, responding to an Express story, the London-based energy company said it has been working closely with the other Atlantic LNG shareholders and the Government to explore the restructuring of Atlantic LNG as it believes it offers an opportunity to improve operating efficiency and commercial alignment.
“It is our goal to arrive at an outcome that improves value to the country while ensuring we have a competitive energy sector that can continue to attract the investments required to keep the production profile needed to satisfy downstream and LNG demand,” the statement said.
The company also made it clear that there would be no gas for Atlantic’s Train 1.
“In terms of gas supply, following the disappointing results from our 2019 infill drilling programme we have since refocused our production operations on maximising production from our existing fields in the short-term, actively taking measures to offset natural declines. Even though these factors helped production at the beginning of 2020, natural declines continue to be a challenge as we manage our gas deliverability for 2021.
“While we continue to progress our Matapal and Cassia C projects, the volumes from these developments will be put towards fulfilling our existing contractual obligations for Trains 2, 3, 4 and NGC,” it said.
The Express yesterday reported that no decision has yet been taken to mothball Atlantic Train I but there was an ongoing fight between BP and Shell, two of the world’s largest energy companies, for control of the still lucrative liquefied natural gas (LNG) complex at Point Fortin.
It was also reported that a proposal by Shell to have one single ownership structure for all four LNG producing trains at Atlantic—instead of the current situation in which each of the four LNG-producing facilities have different shareholdings and shareholders—would strengthen Shell’s control over Atlantic and reduce BP’s.
The Government has said that its decision to invest capital, through the National Gas Company (NGC) to keep Atlantic LNG’s Train 1 operational was “strategic” given that by 2024, it expects to have gas from the Manatee field.
The Manatee field, once known as the Loran-Manatee field, is a deepwater, cross border field between T&T and Venezuela.
Last year, Prime Minister Dr Keith Rowley said that the field has gas reserves of 10.07 trillion cubic feet (tcf), of which 2.71 tcf belongs to TT and 7.35 tcf belongs to Venezuela.
Based on a recovery factor of 69 per cent, Rowley had said T&T can expect to produce up to 1.872 tcf and Venezuela 5.076 tcf.
In December 2020, former energy minister Franklin Khan had told Parliament that: “Atlantic Train 1 will not be shutting down in January 2021. Train 1 will continue to operate in 2021 and will be part of wider negotiations, which have been taking place among the Atlantic LNG shareholders to form one unitised facility encompassing all four Trains.”
Khan had said that the NGC, acting on behalf of the Government, is taking the required actions to maintain the operability of Train 1, pending the finalisation of the negotiations of the structure for the unitised facility.
Buy you wrongRedman wrote:De Dragon wrote:Redman wrote:You said that I said 300 was small thing.
I didn't.
I called you a liar...I still am calling you a liar.
Curtis Williams et Al ...the state of the economy or gas availability..just has nothing to do with your consistent lies during your long-winded blathering.
ETA...Curtis Williams you fkin ain't.
But a LFD RFD PNM dotish sheep you is!
I see you took a page from your equally dotish LFD RFD PNM brother Tunts7, and now relying on semantics. Did you or didn't you dismiss the $300M and say "we still ahead?" Care to tell us how much ahead we are now?
No? Your kant well shut now that the ones you leaned on so heavily like BP etc, have now come out and said there is no gas, and the plant is heading for mothball status. No one with a modicum of sense, (that's you Colos
Trinidad Express July 19 2021
ENERGY major BP said there is no “ongoing fight” between itself and the minority shareholder of Atlantic, Royal Dutch Shell.
In a statement issued late yesterday, responding to an Express story, the London-based energy company said it has been working closely with the other Atlantic LNG shareholders and the Government to explore the restructuring of Atlantic LNG as it believes it offers an opportunity to improve operating efficiency and commercial alignment.
“It is our goal to arrive at an outcome that improves value to the country while ensuring we have a competitive energy sector that can continue to attract the investments required to keep the production profile needed to satisfy downstream and LNG demand,” the statement said.
The company also made it clear that there would be no gas for Atlantic’s Train 1.
“In terms of gas supply, following the disappointing results from our 2019 infill drilling programme we have since refocused our production operations on maximising production from our existing fields in the short-term, actively taking measures to offset natural declines. Even though these factors helped production at the beginning of 2020, natural declines continue to be a challenge as we manage our gas deliverability for 2021.
“While we continue to progress our Matapal and Cassia C projects, the volumes from these developments will be put towards fulfilling our existing contractual obligations for Trains 2, 3, 4 and NGC,” it said.
The Express yesterday reported that no decision has yet been taken to mothball Atlantic Train I but there was an ongoing fight between BP and Shell, two of the world’s largest energy companies, for control of the still lucrative liquefied natural gas (LNG) complex at Point Fortin.
It was also reported that a proposal by Shell to have one single ownership structure for all four LNG producing trains at Atlantic—instead of the current situation in which each of the four LNG-producing facilities have different shareholdings and shareholders—would strengthen Shell’s control over Atlantic and reduce BP’s.
The Government has said that its decision to invest capital, through the National Gas Company (NGC) to keep Atlantic LNG’s Train 1 operational was “strategic” given that by 2024, it expects to have gas from the Manatee field.
The Manatee field, once known as the Loran-Manatee field, is a deepwater, cross border field between T&T and Venezuela.
Last year, Prime Minister Dr Keith Rowley said that the field has gas reserves of 10.07 trillion cubic feet (tcf), of which 2.71 tcf belongs to TT and 7.35 tcf belongs to Venezuela.
Based on a recovery factor of 69 per cent, Rowley had said T&T can expect to produce up to 1.872 tcf and Venezuela 5.076 tcf.
In December 2020, former energy minister Franklin Khan had told Parliament that: “Atlantic Train 1 will not be shutting down in January 2021. Train 1 will continue to operate in 2021 and will be part of wider negotiations, which have been taking place among the Atlantic LNG shareholders to form one unitised facility encompassing all four Trains.”
Khan had said that the NGC, acting on behalf of the Government, is taking the required actions to maintain the operability of Train 1, pending the finalisation of the negotiations of the structure for the unitised facility.
If I'm wrong I'm wrong ....I have no issue with that...of course there is plenty yet to happen.
BP of course has changed their tune, as they are wont to do.
.As you say don't trust them.
Of course the point of the unitisation is to get away from the BP and Shells steering gas to specific trains,train one being the train that TnT has most visibility on the sales and marketing aspect.
BP also said all of that too.
https://www.bp.com/en_tt/trinidad-and-t ... antic.html
So we will see.
As to you and your lie well it went from you being definitive to semantics.
As usual you moving the goal post.
What I said was posted by Smash...take a bit and read it.
The 300 is less than BP and She'll paid to settle the transfer pricing racket, and until we know what the rest of the deal is we don't know what the return on that 300 is.
Was the TAR a condition a concession or a rank speculation on the GORTT s part.?
Smash posted a model that put payback north of 10 years...
So classifying it as wrong is pure speculation on your part. And yes we all know yuh wok dey...but unless you have access to that info..'yuh wok dey 'is irrelevant.
The return on that 300 could be zero or a bazillion.
It's yet to be determined.
But hey continue to lather yourself up...Zoom seems to be enjoying the visuals.Allyuh seem into that kinda exchange.
zoom rader wrote:^^^ Redman can't answer you , he's got Habit7 balls in this mouth
zoom rader wrote: Buy you wrong
You need to apologize now
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