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Stakeholders: Young, government must provide fiscal incentives to save energy industry


Stakeholders: Young, government must provide fiscal incentives to save energy industry
A view of the Pt Lisas Industrial Estate from San Fernando Hill. File photo -
A heavy task lies ahead for the new Minister of Energy and Energy Industries, Stuart Young. Stakeholders on Thursday said Young must consider advising government to provide fiscal incentive to save the energy sector.
Young was appointed the post earlier this week after the sudden death of Franklin Khan on Saturday.
The energy sector, according to former energy minister Kevin Ramnarine, is in peril and re-evaluating the gas value chain was critical. In order to achieve this he said compromise by all parties involved, particularly the government would be a necessity for change to take place. ....

Ramchand Rajbal , Kevin Ramnarine , Fernando Hill , Stuart Young , Road To Recovery Committee , National Gas Company , Couva Point Lisas Chamber , Energy Industries , San Fernando , Franklin Khan , Point Lisas Chamber , Point Lisas Industrial , Recovery Committee , Prime Minister , பெர்னாண்டோ மலை , ஸ்டூவர்ட் இளம் , தேசிய வாயு நிறுவனம் , கூவா பாயஂட் லிசாஸ் அறை , ஆற்றல் தொழில்கள் , சான் பெர்னாண்டோ , பிராங்க்ளின் காந் , பாயஂட் லிசாஸ் அறை , பாயஂட் லிசாஸ் தொழில்துறை , மீட்பு குழு , ப்ரைம் அமைச்சர் ,

Methanol Holdings puts 2 plants on hold, NGC gas prices too high


Methanol Holdings puts 2 plants on hold, NGC gas prices too high
Methanol Holdings (Trinidad) Ltd (MHTL) is one of the largest methanol producers in the world. -
The National Gas Company (NGC) and Methanol Holdings (Trinidad) Limited (MHTL) have failed to renew a contract for the continued supply of gas, which has forced the energy giant to idle two of its plants because the proposed prices are too high.
MHTL falls under the purview of the Proman Group. In an internal message to employees, managing director Claus Cronberger said the company was working on a long-term gas supply contract since March but due to high pricing by the NGC it was unable to secure a favourable contract. ....

Trinidad And Tobago , Claus Cronberger , Methanol Holdings Trinidad Ltd , Methanol Holdings Trinidad Limited , National Gas Company , Proman Group , Methanol Holdings , Gas Company , Point Lisas Industrial , டிரினிடாட் மற்றும் டொபாகோ , மெத்தனால் ஹோல்டிங்ஸ் டிரினிடாட் லிமிடெட் , மெத்தனால் ஹோல்டிங்ஸ் டிரினிடாட் வரையறுக்கப்பட்டவை , தேசிய வாயு நிறுவனம் , மெத்தனால் ஹோல்டிங்ஸ் , வாயு நிறுவனம் , பாயஂட் லிசாஸ் தொழில்துறை ,

Suriname Oil Discoveries are Cause for Celebration, but Only If We Apply Proven Lessons to Make it Work for Everyone


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Suriname Oil Discoveries are Cause for Celebration, but Only If We Apply Proven Lessons to Make it Work for Everyone
Clarence Seedorf, Chair, Black Impact Foundation and NJ Ayuk, Executive Chairman, African Energy Chamber
February 1, 2021
There’s no question that the COVID-19 pandemic has sent global energy markets reeling. Oil and gas has undeniably been one of the hardest-hit industries, with prices still struggling to rebound from the collapse in demand during the first quarter of 2020. Coupled with increasing concerns about climate change and its effect on conventional energy production, it seems difficult to find a bright spot.
 But there is one, and it’s Suriname. ....

United States , Trinidad And Tobago , Point Lisas , United Arab Emirates , Demerara Mahaica , Saudi Arabia , Chan Santokhi , Sapakara West , Clarence Seedorf , Goodluck Jonathan , International Monetary Fund , African Energy , Big Oil , Impact Foundation , Kosmos Energy , African Energy Chamber On , Gas Industry Local Content Development , Apache Corporation , Nigerian Oil , Us Geological , Black Impact Foundation , Executive Chairman , African Energy Chamber , South American , Permian Basin , President Chan Santokhi ,