In a world economy that depends on interconnection, the novel virus, CoViD-19, can have crippling consequences. For Trinidad and Tobago, the impact on energy markets have been impacted by plummeting oil prices. Oil exporting economies, including Trinidad and Tobago, will be affected. Compounding the situation has been reduced production activity where lower demand further depresses prices, not just for oil, but other fuels such as Methanol and LNG. NGC has been taking necessary action to protect its business and that of its subsidiaries. The Company is currently implementing its Business Continuity Plan (BCP) in line with ongoing developments locally and internationally.
Thursday 19th March, 2020