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Methanol Holdings puts 2 plants on hold, NGC gas prices too high

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. ....

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Methanol Market 2021 Global Industry - Key Players, Size, Trends, Opportunities, Growth- Analysis To 2026

Methanol Market 2021 Global Industry - Key Players, Size, Trends, Opportunities, Growth- Analysis To 2026
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Melamine Market Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2023

Melamine Market Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2023
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Prayers, pounding for PM on energy sector 'collapse'

Prayers, pounding for PM on energy sector ‘collapse’
Tuesday 12 January 2021
THE Prime Minister was lifted in prayers by Pointe-a-Pierre MP David Lee, who wished him a speedy recovery – but also pounded him for his failed leadership and the decimation of the energy sector.
On a virtual platform on Monday night as the United National Congress (UNC) continued its by-election campaign, Lee said over the past five years, the People’s National Movement (PNM) government berated the Opposition, laughed at it and accused it of knowing nothing about energy.
“Who is laughing now?” he asked as he pointed to the “collapse” of the sector, owing to the 30,000 jobs reportedly at stake, and the downgrade of the National Gas Company (NGC) by Caribbean Information and Credit Rating Services Ltd (CariCris), while it suffered its first loss in its 45-year history and has the burden of supplying gas for Atlantic LNG Train 1 now that BPTT has pulled out. ....

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Gas contracts in LNG/NGC arrangement worries MP

Gas contracts in LNG/NGC arrangement worry MP
Rudranath Indarsingh -
COUVA South MP Rudranath Indarsingh has echoed the concern expressed by CEOs of petrochemical companies about the possibility of 30,000 jobs being put at risk.
This as a result of gas supply implications for the National Gas Company (NGC) which is to invest millions to maintain Atlantic Train 1.
The CEOs met on Friday with Energy Minister Franklin Khan after they wrote to him for clarification and to allay their fears about the implication for downstream customers.
Indarsingh said both the Prime Minister, who is recovering from a heart-related illness, and Khan must urgently resolve these deep concerns raised by the operators of the Point Lisas Industrial Estate about the supply of gas to them and the wider industry. He said he fears as the supplier of gas to the estate, NGC may be in conflict as to how it routes gas supplies in the future. ....

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