18 April 2013 20:25 [Source: ICIS news]
HOUSTON (ICIS)--Trinidad and Tobago’s state-owned utility on Thursday confirmed talk earlier this week that problems on offshore platforms had caused the latest round of natural gas curtailments.
“The Natural Gas Company (NGC) has been experiencing a temporary shortfall in gas supply from its producers,” said the utility’s statement.
“We are advised that this has been due to unforeseen circumstances on their platforms.
“As a result, some of our consumers in the industrial segment have experienced a moderate level of curtailment. We expect this situation to be normalised within a few days.”
Natural gas curtailments have been a persistent issue for methanol and other petrochemical producers for the past two years and had been expected to begin again on 8 April, then were postponed until 19 April.
But spot prices have jumped 9 cents/gal this week because curtailments began on 12 April, last Friday.
($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections