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BP Trinidad & Tobago Explains Challenges Facing LNG Exporters

Robert Riley, chairman and CEO of BP Trinidad & Tobago, recently addressed the challenges facing traditional LNG exporters, including Trinidad & Tobago. Riley said that the LNG liquefaction operation in Trinidad is a “low margin business” due to increasi
July 15, 2009

Robert Riley, chairman and CEO of BP Trinidad & Tobago, recently addressed the challenges facing traditional LNG exporters, including Trinidad & Tobago. Riley said that the LNG liquefaction operation in Trinidad is a “low margin business” due to increasing global LNG supply, declining natural gas prices, and Trinidad’s “relatively high” tax rate for the industry. Read more in Newsday.

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