Price and market trends: Trinidad gas curtailments coming in April

15 March 2013 09:17  [Source: ICB]

The state-owned energy utility in Trinidad and Tobago will curtail natural gas to methanol and ammonia producers in the archipelago for eight days, beginning in the second week of April, according to an update from an industry source.

Earlier in the week ended 8 March, fertilizer sources said they had been informed that curtailments would begin next week for up to 30 days, because of repair work on a gas supply well. But the latest update calls for natural gas curtailments to producers to begin on 10 April, said an industry source in Trinidad.

"Just for a few days," the source said. "It will not be long."

The Caribbean island's 11 ammonia and seven methanol plants are located at the Point Lisas Industrial Estate in Trinidad.

Talk of tightening supply caused US methanol spot barge prices to inch higher the week ended 8 March, to 134-135 cents/gal, slightly above the closing range on 1 March at 133-134.50 cents/gal. Traders said the talk came mostly from producers.

By: Lane Kelley
+1 713 525 2653

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