US methanol spot rises 1.5 cents/gal on Trinidad curtailments

14 June 2013 15:29  [Source: ICIS news]

HOUSTON (ICIS)--US methanol spot barge prices rose 1.5 cents/gal this week on the latest round of curtailments in Trinidad, sources said on Friday.

The edge up to 140-142 cents/gal, from 139-140.5 cents/gal a week earlier, came on buying by Methanex and BP, sources said.

Natural gas cutbacks in Trinidad will continue through June and possibly into July, the state-run utility said on Friday.

The curtailments that began in late May will continue for 4-5 weeks, said Christine Punnett, head of external communications at National Gas Co (NGC), the state-run utility in Trinidad.

Curtailments stemming from work being done on offshore platforms have been a persistent issue for petrochemical producers at the Point Lisas Industrial Estate in Trinidad for the past two years. 

Methanol sources said the curtailment represented a 15% cutback for users.

($1 = €0.75)

By: Lane Kelley
+1 713 525 2653

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