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Hinds praises Young on gas deal to restart Pt Lisas plants
Energy Minister Stuart Young
NATIONAL Security Minister Fitzgerald Hinds on Wednesday praised his predecessor, now Energy Minister, Stuart Young for an interim agreement reached between the National Gas Company and the Proman Group on Tuesday,
It led to an immediate restart of Methanol Holdings Trinidad Ltd s (MHTL) M4 and M5000 methanol plants at Pt Lisas.
In a post on his Facebook page, Hinds referred to a statement on Tuesday from the Energy Ministry in which Young expressed pleasure at the restart of those plants. He recalled that the plants were recently closed after NGC and MTHL could not agree on a gas-supply contract to the satisfaction of both entities.
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Compromise needed on NGC, Methanol Holdings gas price dispute
4 Hrs Ago
A 2018 photo of the Methanol Holdings (Trinidad) Limited (MHTL) Complex in Point Lisas, Couva. - Photo by Jeff K. Mayers
April has only just begun but already its been a bad month for clean energy in TT.
First came news that Methanol Holdings (Trinidad) Ltd (MHTL) – part of the Switzerland-based Proman group – has idled two of its plants.
This came after MHTL and the National Gas Company (NGC) failed to renew a contract for the continued supply of gas owing to a disagreement over price.
NCG cited confidentiality clauses and said it would honour other gas sales contracts with MHTL, while MHTL said it had reached “the absolute limit of our flexibility on contract price and the terms and conditions,” but would continue to engage with NGC and the government.
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