National Energy profit falls 33% to $58 9m newsday.co.tt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.co.tt Daily Mail and Mail on Sunday newspapers.
Stakeholders: Young, government must provide fiscal incentives to save energy industry
A view of the Pt Lisas Industrial Estate from San Fernando Hill. File photo -
A heavy task lies ahead for the new Minister of Energy and Energy Industries, Stuart Young. Stakeholders on Thursday said Young must consider advising government to provide fiscal incentive to save the energy sector.
Young was appointed the post earlier this week after the sudden death of Franklin Khan on Saturday.
The energy sector, according to former energy minister Kevin Ramnarine, is in peril and re-evaluating the gas value chain was critical. In order to achieve this he said compromise by all parties involved, particularly the government would be a necessity for change to take place.
Methanol Holdings puts 2 plants on hold, NGC gas prices too high
Methanol Holdings (Trinidad) Ltd (MHTL) is one of the largest methanol producers in the world. -
The National Gas Company (NGC) and Methanol Holdings (Trinidad) Limited (MHTL) have failed to renew a contract for the continued supply of gas, which has forced the energy giant to idle two of its plants because the proposed prices are too high.
MHTL falls under the purview of the Proman Group. In an internal message to employees, managing director Claus Cronberger said the company was working on a long-term gas supply contract since March but due to high pricing by the NGC it was unable to secure a favourable contract.
Basket doh hold water: Can Khan deliver this time around? cnc3.co.tt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnc3.co.tt Daily Mail and Mail on Sunday newspapers.
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Suriname Oil Discoveries are Cause for Celebration, but Only If We Apply Proven Lessons to Make it Work for Everyone Clarence Seedorf, Chair, Black Impact Foundation and NJ Ayuk, Executive Chairman, African Energy Chamber February 1, 2021
There’s no question that the COVID-19 pandemic has sent global energy markets reeling. Oil and gas has undeniably been one of the hardest-hit industries, with prices still struggling to rebound from the collapse in demand during the first quarter of 2020. Coupled with increasing concerns about climate change and its effect on conventional energy production, it seems difficult to find a bright spot.
But there is one, and it’s Suriname.