Trinidad seeing revenue increase from LNG sales after contract revamp

PORT OF SPAIN, Feb 10 (Reuters) - Trinidad and Tobago, the largest producer of liquefied natural gas in Latin America and the Caribbean, is seeing an increase in government revenue from LNG exports by selling cargoes at between 15% and 55% above Henry Hub prices NGc1, energy minister Stuart Young said on Monday at a conference.

The increase follows a contract revamp in late 2023 that set new financial terms for participants in the country's flagship project, Atlantic LNG, after five years of negotiations aimed at securing more revenue and recovering export volumes.