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Market Chatter: Trinidad's Atlantic LNG Shuts Major Export Unit for Maintenance as Global Supplies Tighten

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Trinidad and Tobago's Atlantic LNG facility has shut its 6 million metric tons per annum Train 4 unit for two months of planned maintenance, Reuters reported, citing Gerald Ramdeen, Chairman of the National Gas Company of Trinidad and Tobago.

With the outage set to take nearly half of Atlantic LNG's production capacity temporarily offline, near-term LNG supplies are expected to tighten further when global markets are already grappling with disruptions from the closure of the Hormuz Strait.

Ramdeen told Reuters on Tuesday that the plant, which is jointly owned by Shell (SHEL), BP (BP) and NGC, was undergoing scheduled maintenance, which wasn't linked to any particular fault or issue.

With a total capacity of 12 million metric tons per annum of LNG, the Atlantic LNG facility is the largest in Latin America, and has struggled in recent years amid declining domestic natural gas supplies.

The National Gas Company of Trinidad and Tobago did not immediately respond to' request for a comment on this story.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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