26 May 2020
NGC prepares for brighter future for LNG
The LNG market faces challenges due to excess supply and the impact of Covid-19, but Trinidad’s state gas company has a strategy for the long term.
LNG prices have seen further declines in 2020, with the existing supply abundance exacerbated by the effects of Covid-19 on global economic growth and energy consumption. As a result, Trinidad and Tobago LNG Limited (TTLNG), the marketing arm of Trinidadian state-owned National Gas Company (NGC), has had to modify its strategy to ensure positive margins during this challenging time. The pandemic has played havoc with economic expansion in all countries. Global growth, originally estimated to increase in 2020, is now expected to decline in absolute terms by 3pc, according to the IMF. International gas prices are expected to decline to lower levels than previously forecast due to reduced deman

Also in this section
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand