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
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
