Gov­ern­ment is hold­ing dis­cus­sions with the for­eign share­hold­ers of At­lantic LNG about the pos­si­bil­i­ty of in­creas­ing tax rev­enues when LNG car­goes are di­vert­ed to coun­tries where prices are high­er than the US and Spain. In a re­sponse to the con­cerns raised by En­er­gy Min­is­ter, Car­olyn Seep­er­sad-Bachan about the amount of rev­enue com­ing to gov­ern­ment from At­lantic LNG, bpTT said yes­ter­day: "The con­tracts held be­tween the At­lantic LNG share­hold­ers and the Gov­ern­ment of Trinidad and To­ba­go pre­scribe the share of prof­its be­tween the share­hold­ers and the gov­ern­ment.

"BP has been in dis­cus­sions with the Min­istry of En­er­gy for some time on the is­sue of di­vert­ed car­gos with the ob­jec­tive of en­sur­ing that T&T has the flex­i­bil­i­ty to take ad­van­tage of di­vert­ed car­gos and ben­e­fit from high­er prices that may be avail­able in Eu­rope and Asia. BP went fur­ther to say that it al­ways op­ti­mis­es car­gos lift­ed from At­lantic LNG whether on its own be­half or on be­half of NGC. "We al­ways en­deav­our to get the best net­back prices for all car­gos as this is in the in­ter­est of the coun­try and com­pa­ny," ac­cord­ing to the BP state­ment.