Corrected: Trinidad methanol production falls faster than natgas

10 January 2013 23:45  [Source: ICIS news]

Correction: In the ICIS news story headlined " Trinidad's natgas production rises while petchem output falls" dated 10 January 2013, please read the headline as "Trinidad methanol production falls faster than natgas".
Please read in the first paragraph … Natgas production in Trinidad and Tobago fell slightly in the first 11 months of 2012, while output of methanol and other petrochemicas declined faster… instead of … Natgas production in Trinidad and Tobago rose in the first 11 months of 2012, while output of methanol and other petrochemical makers declined….
Please read in the second paragraph … natural gas production decreased by 1% through the end of November 2012, while petrochemical output declined by 9% for methanol and 5% for ammonia… instead of … natural gas production increased by 7% through the end of November 2012, while petrochemical output declined by 8% for methanol and 7% for ammonia….
A corrected story follows.

HOUSTON (ICIS)--Natgas production in Trinidad and Tobago fell slightly in the first 11 months of 2012, while output of methanol and other petrochemicals declined faster, presenting a different view of the island’s ongoing energy crisis, sources said on Thursday.

Data released by the government’s energy ministry this week show that natural gas production decreased by 1% through the end of November 2012, while petrochemical output declined by 9% for methanol and 5% for ammonia.

“I think they’ve got more gas than they say they do,” a US methanol source said.

Methanol and ammonia producers on the island have had to make intermittent production cutbacks over the past two years because of what government and utility officials have said was repair work being done on offshore platforms owned by BP, BG and other energy companies.

But methanol executives have said their problem in Trinidad is not about a shortage of natural gas related to the platform repairs.

In January 2012, Bruce Aitken, then Methanex's CEO, said the problem was between the state-owned National Gas Company and the energy producers.

“This has been a very frustrating issue, because there’s no shortage of natural gas in Trinidad,” Aitken said in a conference call. “This is all about a contractual position.”


By: Lane Kelley
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