Senior Reporter
andrea.perez-sobers@guardian.co.tt
Former energy minister Stuart Young has accused the Government of diverting natural gas from petrochemical companies at Point Lisas to Atlantic LNG, rejecting Minister of Energy Roodal Moonilal’s explanation that NGC has maintained its contractual gas allocations.
In a social media post yesterday, Young responded to Moonilal’s statements in Parliament last Friday, where the Energy Minister denied there had been a change in NGC’s gas allocation policy or a diversion of gas from Point Lisas customers to Atlantic LNG.
Young argued that the 95 per cent contractual fulfilment figure cited by Moonilal did not tell the full story because the shutdown of Nutrien and Methanex had freed up additional gas.
“NGC buys its gas from BP, Shell, Perenco, EOG, Touchstone, and then they take that gas, the first place they have to supply gas to is production of electricity,” Young said.
“After that, traditionally they sell the gas to the petrochemical companies at Point Lisas and then to Atlantic LNG for their share.”
Young maintained that gas had been diverted, despite Moonilal’s parliamentary response.
“They have been diverting gas. So Moonilal comes with an answer that 95 per cent of the contractual fulfilment has happened. And then importantly he goes on to say those who are taking gas from NGC have gotten over 33 per cent more than they contracted to get.”
Young attributed the higher volumes received by some petrochemical customers to the shutdown of Nutrien and Methanex.
“You know the reason why that is happening? Nutrien and Metanex plants have shut down. So therefore there is more gas available because Nutrien and Metanex are not taking gas anymore.”
He used a hypothetical allocation of 100 molecules of gas to explain his position, arguing that if six plants were receiving gas and two plants consuming 30 molecules shut down, the remaining four would have access to the additional supply.
Moonilal, however, told Parliament on Friday that NGC had not changed its allocation of gas to petrochemical customers at the Point Lisas Industrial Estate and was not aware of any diversion to Atlantic LNG.
“NGC has not changed its allocation of gas to petrochemical customers at the Point Lisas Industrial Estate and is not aware of any diversion of gas from those customers to the Atlantic LNG facility.”
The Energy Minister stated NGC had fully met its contractual gas supply obligations to domestic customers, including petrochemical, non-petrochemical, light industrial, commercial and power generation customers from 2025 through 2026.
“During the same period, NGC has continued to satisfy its entitlement obligations to the Atlantic facility.”
Moonilal indicated that renewed gas supply contracts with downstream petrochemical customers in 2026 maintained daily contract quantities at levels consistent with previous agreements, with some increased.
He noted the contract for NGC’s largest petrochemical customer by volume was renewed with a daily contractual quantity approximately 16 per cent higher than under the expired contract.
Moonilal also pointed to operational problems at Point Lisas, saying there had been 20 separate downstream plant upsets or disruptions since January 2026.
He said the incidents resulted in plants being shut down or operating below contractual gas entitlements for reasons unrelated to gas availability.
NGC experienced two gas supply-related constraints during 2026, Moonilal said, with only one resulting in curtailments to petrochemical customers.
“Petrochemical customers received supplies below their contractual entitlements on only 5 per cent of days, arising from a single gas supply constraint associated with a planned upstream activity that was coordinated with the Atlantic Train Force scheduled turnaround,” Moonilal said.
He also said petrochemical customers had received aggregate gas volumes approximately 33 per cent above their contractual entitlements since January, excluding one customer whose offtake was constrained by plant-related operational issues.
“Accordingly, the available data demonstrates that petrochemical customers at the Point Lisas industrial estate consistently received gas supplies at or above their contracted DCQs throughout 2026,” the energy minister added.
