The Cen­tral Bank has is­sued a clar­i­fi­ca­tion re­gard­ing the coun­try’s nat­ur­al gas al­lo­ca­tion and its di­rect im­pact on for­eign ex­change re­serves.

The re­sponse fol­lows a com­men­tary pub­lished in the Sun­day Busi­ness Guardian penned by en­er­gy an­a­lyst Gre­go­ry McGuire, which open­ly ques­tioned pub­lic state­ments made by Cen­tral Bank Gov­er­nor Lar­ry Howai last Wednes­day, at Am­cham T&T’s an­nu­al Tech Hub Is­lands Sum­mit (THIS).

In an in­ter­view with Guardian Me­dia’s busi­ness desk, Howai as­sured that the clo­sure of Methanex’s Ti­tan at the end of Sep­tem­ber would not lead to tighter ra­tioning of T&T’s for­eign ex­change sup­ply, adding that gas sold to the methanol plant would be di­vert­ed to oth­er com­pa­nies.