SHARE

Atlantic LNG reported a 35 percent drop in LNG production this month as a pipeline leak reduces its supplies.

The company said Trinidad and Tobago’s National Gas Company (NGC) found a leak in its 56 inch Cross Island Pipeline.

The pipeline, owned and operated by NGC, is one of three gas supply sources for ALNG’s facility, Oil and Gas Journal said.

Atlantic said it is receiving status updates from NGC and is closely monitoring the situation but did not disclosed when it expects the pipeline to be repaired.

The company’s has already been operating under its nameplate capacity for two years as supplies from Trinidad and Tobago fall.

Atlantic’s president Nigel Darlow said weak oil prices are also cutting into the company’s bottom line.

“I think it is going to have a depressing or dampening effect on gas or LNG prices and I think we are already seeing that,” Darlow said.

Recently, the company has been curbing its U.S. sales as part of an effort to push further into the South American and Asian markets.

Atlantic LNG is based in Trinidad and Tobago.