MINISTER OF ENERGY DR. ROODAL MOONILAL SAYS, GOVERNMENT IS ACTIVELY ENGAGING IN TALKS WITH MANANGEMENT OF NUTRIENT.

HE SAYS, THE WORKERS ARE THE PRIORITIESNOW.
THE COMMENT COMES AS NUTRIEN LIMITED HAS ANNOUNCED, IT WILL INDEFINITELY SHUT DOWN ITS TRINIDAD NITROGEN OPERATIONS AT THE POINT LISAS FACILITY.

THE COMPANY SAYS, THE DECISION FOLLOWS AN EXTENSIVE REVIEW OF STRATEGIC OPTIONS AND CONSULTATIONS, WITH RELEVANT STAKEHOLDERS.

NUTRIEN SAYS, CONTINUING NATURAL GAS CONSTRAINTS AND UNCERTAINTY MADE THE SHUTDOWN THE BEST OPTION TO IMPROVE FREE CASH FLOW, AND RETURNS ON INVESTED CAPITAL.

THE COMPANY HAD ALREADY IMPLEMENTED A CONTROLLED SHUTDOWN, OF THE FACILITY ON OCTOBER 23RD LAST YEAR.

THAT DECISION WAS LINKED TO PORT ACCESS RESTRICTIONS, AND THE LACK OF A RELIABLE AND ECONOMIC NATURAL GAS SUPPLY, WHICH HAD REDUCED THE OPERATION’S CONTRIBUTION TO FREE CASH FLOW OVER AN EXTENDED PERIOD.

MINISTER OF ENERGY AND ENERGY INDUSTRIES DR. ROODAL MOONILAL SAID YESTERDAY, PLANS ARE UNDERWAY WITH THE COMPANY TO RETHINK THEIR PLANS.

DR. MOOILAL GOVERNMENT SAID YESTERDAY, ITS INTENET ON REBUILDING DOMESTIC ENERGY SECTOR AS MINIMIZE THE ISSUE OF, NUTRIEN ON THE WORKERS.

THE COMPANY’S ANNOUNCEMENT TODAY FORMALISES THE SHUTDOWN, THAT HAS BEEN IN PLACE SINCE LAST YEAR.