Consolidated Energy - comment

Tight natural gas supply continues to constrain Trinidad & Tobago’s downstream energy sector, highlighted by the exit of Methanex Corporation from active methanol production. This results in reduced export earnings, foreign exchange inflows, and knock-on effects for employment and industrial services. The situation reinforces investor concerns around gas availability and contract certainty. For Consolidated Energy, reduced competition may strengthen positioning, but ongoing gas tightness increases operational and feedstock risk across its Trinidad portfolio. In the meantime, it will be neutral for bond prices.