MORE AMMONIA PLANTS WITH LESS POWER FROM GAS?

CCNTV6

One of the Vice Presidents at the National Gas Company says that the amount of natural gas dedicated to this country's electricity supply equates to about five to six ammonia plants.  The NGC executive emphasised that at the present price of ammonia, this means potential revenue of  250 million US Dollars.  The executive said, however, there is an increased demand for electricity due to climate change.  Juhel Browne reports.

Transcript

00:00The Vice President for Commercial at the National Gas Company Limited, Verlier Kwan-V spoke

00:06about the fact that all of Trinidad and Tobago's electricity supply is derived from natural

00:11gas.

00:12And when you look at the natural gas that we provide to power, it represents about 10

00:18percent, 10 to 13 percent of all natural gas goes for power.

00:23What that equates to, that equates to about five to six ammonia plants.

00:27And if ammonia price right now is close to 500 U.S. a ton, and if you take the ammonia

00:34plant of 500,000 metric tons and you convert that, that's 250 million U.S. dollars per

00:41revenue you could potentially earn.

00:44The power stations receive their supply of natural gas from the state-owned national

00:48gas company, the NGC, which receives that gas supply from upstream companies such as

00:55BP and Shell.

00:57The NGC's Vice President spoke during the Trinidad and Tobago Chamber of Industry and

01:02Commerce's post-budget meeting at the Hyatt Regency Hotel in Port of Spain.

01:08The Energy Chamber previously said a reduction in natural gas for the supply of electricity

01:13would allow for more gas to be available for foreign exchange earning downstream export

01:18products.

01:19The NGC Vice President spoke about the issue in the context of climate change.

01:24So if we can reduce through energy conservation – because one of the challenges of climate

01:29change we're seeing is higher usage, higher demand for power.

01:33So what we're seeing is that power consumption, you know, coming out of COVID and now with

01:40climate change we're seeing consumption increasing, which is equivalent to one ammonia

01:44plant.

01:45And given that we don't have increased gas production, what that means is that gas that

01:51is going for power came from the petrochemical plants.

01:55So we're shorting the petrochemical plants, we're shorting getting foreign exchange because

01:59of increased power demand.

02:02The NGC Vice President had a message for all who use electricity.

02:05But there are areas that I think everybody in this room, companies can do that can help

02:10with that.

02:11And things like, simple things like in terms of your air conditioning units, you know,

02:15instead of running it at 18 degrees, if you bring it down to 22, 23 degrees, you know,

02:22if you look at changing out the LEDs.

02:24So certain things in the budget I think were there that we all can do.

02:27You know, we can look at looking at super escrows, look at avenues to convert to renewables.

02:33In his 2025 budget statement in the Parliament on Monday, Finance Minister Colm Imbert said

02:38the local economy is now growing and advised the population to be careful and spend the

02:43money wisely and live within our means until 2027 when the cross-border gas is expected

02:50to flow.

02:51Jule Brown, TV6 News.

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