Methanol Holdings has accepted a two month extension of their natural gas contract with the National Gas Company (NGC), as the parties try to avoid the shutting down of the Titan methanol plant and the sending home of scores of workers.
The announcement was made yesterday by Methanex CEO, John Floren, who said the company continues to work towards a long term gas contract.
In an investor conference call, Floren revealed:
A state-of-the-art CNG and multi-fuel service station is being constructed on the western side of the Preysal Interchange in Couva.
NGC CNG, with parent company The National Gas Company (NGC), in partnership with the National Petroleum Marketing Company Limited (NPMC) will be constructing the facility, which will cater to the thousands of residents of the area and conveniently service commuters along the Sir Solomon Hochoy Highway.
The fueling station represents Phase 1 of development work at the site, with a planned Phase 2 after the station is completed.
Almost two years after it was discovered that the Trinidad and Tobago Cricket Board misallocated almost $3 million in funding from the NGC, and six months after the NGC requested the TTCB to repay that money forthwith, the two bodies are still working on a way forward.
"The NGC is still in active discussions with the TTCB as a follow up to the audit to determine a way forward." said NGC communications manager; Lisa Burkett.
The NGC CNG Company says it will sponsor the conversion of 1,000 taxis and maxi taxis from gasoline to CNG from January 2019.
In a statement issued Monday, the company said this promotion follows a highly successful, fully-subscribed tranche of conversions in June and July 2018, where 500 taxi and 180 maxi taxi owners were offered sponsored conversions on a first-come, first-served basis.
Successful applicants are currently being converted by government-approved licensed converters.