12 May 2011 23:20 [Source: ICIS news]
HOUSTON (ICIS)--The on-again, off-again natural gas service in Trinidad has been restored once more, sources said on Thursday.
A methanol producer said the Caribbean country’s natural gas utility began making full delivery of natural gas to commercial users on Tuesday.
A potash producer also said that full service had been restored.
National Gas, Trinidad’s state-run utility, did not immediately respond to a request for comment.
The company began curtailing gas supplies by about 20% in February because of a platform problem. In late April a company spokeswoman said service had been restored, but a few days later producers said service had been curtailed again.
PotashCorp reported late last week that gas deliveries had been fully restored and that its plants were running at 100%. Early this week, however, deliveries were cut back again, and PCS’s 01 and 02 plants were scaled back to 85% of capacity, sources said.
At midweek, PotashCorp said its plants were running at full rates, but that it was unclear how long this would continue.
Throughout the curtailment, methanol sources have said the cutback would have only minimal impact. However, spot methanol prices rose steadily from an average of 103 cents/gal after the first announcement to a high of 114 cents/gal in early March.
Spot methanol fell back almost to the February price in April, and now hang around halfway between the high and low of the past three months, ranging 106–108 cents/gal on Thursday.
Additional reporting by Frank Zaworski
($1 = €0.70)
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