Atlantic
LNG pays $295m in taxes to Govt in 2006
By Juhel Browne
South Bureau
Trinidad Express
Port
Spain
Petroleumworldtt.com
02 25 07
Atlantic LNG Co of Trinidad and Tobago paid US$46.7
million (TT$295 million) in taxes to the Government
for 2006. The company also provided some 70 per
cent of the total liquified natural gas (LNG) imported
by the United States. Atlantic LNG made the disclosure
in a year in review statement for 2006, issued yesterday.
At
the company's annual staff strategy meeting, Atlantic
LNG chief executive officer, Oscar Prieto, said
that in 2006, Atlantic processed 748 billion cubic
feet (bcf) of natural gas.
"Atlantic
also paid taxes totalling US$46.7 million to the
Government of Trinidad and Tobago and closed out
the year with 307 loadings of LNG cargoes on behalf
of Atlantic's shareholders BP, BG, Repsol YPF, Suez
and NGC," the company said.
Atlantic
LNG said those shareholder shipments represented
30 per cent of Trinidad and Tobago's exports for
2006. The company also said it continued to work
on the extensive training and development of its
668-strong workforce while hiring 88 new employees.
It said 99 per cent of its staff are Trinidad and
Tobago nationals, while 23 per cent are residents
of Pt Fortin, where the company's four LNG trains
are located.
jbrowne@trinidadexpress.com
Trinidad
Express
Saturday, February 24th 2007
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