30 May 2012 19:12 [Source: ICIS news]
HOUSTON (ICIS)--Chemical producers in Trinidad are hoping for nearly normal deliveries of natural gas in June, sources said on Wednesday.
Producers of ammonia, methanol and other chemicals at the Point Lisas Industrial Complex said that the National Gas Company (NGC) of Trinidad and Tobago is not expected to curtail deliveries of natural gas from contract amounts in June.
Natural gas deliveries to Point Lisas this week are curtailed by 10%, several producers said.
For nearly the entire month of May, the NGC cut natural gas deliveries to chemical producers by 20%.
Natural gas delivery curtailments of varying percentages have been a monthly constant for chemical producers since February 2011.
Trinidad officials have blamed the curtailment in natural gas deliveries to reduced supply availability from BP Trinidad & Tobago (bpTT), which has been performing systematic maintenance on its natural gas platforms. BP supplies about 80% of Trinidad's natural gas.
Methanol production in Trinidad is currently running at about a 10% reduction in capacity, with a handful of plants running at 90% and another few operating full-out, a market source said on Wednesday.
Ammonia production is also running at about a 10% reduction in capacity.
"We are looking for natural gas deliveries to be back to near normal in June," an ammonia producer said.
Fertilizer production in Trinidad, which includes ammonia, declined almost 9%, according to the bank data.
Additional reporting by Lane Kelley
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