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
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
