NGC: Talks with Methanol Holdings on gas supply ongoing
National Gas Company head office in Pt Lisas. -
THE National Gas Company (NGC) on Saturday said it is continuing negotiations for a gas supply agreement with Methanol Holdings (Trinidad) Ltd (MHTL). Failure between NGC and MHTL to reach an agreement last Thursday, resulted in the latter taking the decision to idle its M4 and M5plants at the Pt Lisas Industrial Estate.
In response to questions from Newsday, NGC officials said, The parties are in negotiation with a lot of volatility in the market in the midst of a global pandemic. They continued, Some plants like Nutrien which made announcements are back in operation.