National Gas Company (NGC) Archives - Energy Analytics Institute (EAI)

Mark Loquan Departs NGC after Eight Year Tenure

(NGC, 18.Jan.2024) — The National Gas Company of Trinidad and Tobago Limited (NGC) wishes to announce that Mark Loquan will not renew his contract with NGC; and his appointment as Director on the NGC Board and its affiliates will also cease. This becomes effective on 31 Aug. 2024, and follows […]

New Unitized Commercial Structure for Atlantic LNG

(Office of the Prime Minister of Trinidad and Tobago, 5.Dec.2023) — The government has secured a new unitized commercial structure for Atlantic LNG which allows the National Gas Company of Trinidad and Tobago (NGC) to obtain a greater share in the revenue derived from the sale of LNG on the […]

Shell, Trinidad Weigh Venezuela’s Natural Gas Investment Plans

(Reuters, 5.Sep.2023) — Shell (SHEL.L) and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said. If agreed, the move could help speed […]

NGC Group’s 1H:22 Financial Performance Bolstered

(NGC, 28.Sep.2022) — The NGC Group continues to show marked improvement in its financial performance according to Summary Consolidated Financial Statements for the Six Months Ended 30 June 2022. For the financial period, The National Gas Company of Trinidad and Tobago Limited (NGC) together with its subsidiaries (collectively the Group) […]

NGC and NewGen Ink HoA for Deepened Hydrogen Partnership

(NGC, 5.Aug.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited have deepened their partnership to cooperate on the enabling of a sustainable hydrogen economy for the energy sector of Trinidad and Tobago. On 4 August 2022 both companies signed a non-binding Heads of […]

NGC Corrects Misleading Statements Printed in the Trinidad Guardian

(NGC, 28.Feb.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) wishes to correct a false assertion made by journalist Curtis Williams in the Sunday Guardian story ‘BHP flops: Ruby oil field fails to shine’, dated 27 February 2022. The article incorrectly stated that NGC President, Mark Loquan, […]

NGC Shakeup: Govt Gets Rid of Two Directors at NGC

(Trinidad Guardian, 10.Feb.2022) —In a shake-up of the board of directors of the National Gas Company Ltd (NGC), the Cabinet last week decided not to renew the contract of Sean Balkissoon one of only two directors who voted against the ill-fated NGC attempt to save Atlantic LNG Train 1 and […]

Phoenix Park Buys Texas Terminal

(Phoenix Park, 25.Jan.2022) — On 21 January 2022, Phoenix Park Energy Marketing LLC (PPEM), a wholly owned subsidiary of Phoenix Park Gas Processors Limited (PPGPL), completed its acquisition of an NGL terminal located in Hull, Texas from Keyera Energy Inc. (KEI). KEI is a subsidiary of Keyera Corporation (Keyera), one […]

NGC Expands Energy Marketing and Trading Portfolio

(NGC, 29.Dec.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) continues to move forward with its green initiatives through expansion of its energy portfolio and is creating value for the Company and Trinidad and Tobago, marking a major development in its growth and investment strategy. On 21 […]

NRGBriefs: NGC Embarks on New Design-Build Project in Ghana

(Energy Analytics Institute, 23.Dec.2021) — Energy briefs including Ecuador’s Subsecretariat of Control and Nuclear Applications (SCAN), together w/ different national public entities, announcing the International Organization of Atomic Energy (IAEA) has approved new projects for Ecuador worth $2.8mn for the 2022-23 cycle; the National Gas Company of Trinidad and Tobago […]

NGC Reports Results for Period Ended 30 Sep. 2021 [PDF Downloads]

(NGC, 19.Dec.2021) — The NGC Group recorded an unaudited after-tax profit of TT$1.045B for the nine-month period ended 30 September 2021. This represents an extraordinary improvement of 2,588% over the loss of $42M for the prior period. Revenue of the period was TT$15.6B as compared with TT$8.1B, an increase of […]

NGC Reports $1bn Profit [PDF Download]

(NGC, 19.Dec.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) released its unaudited consolidated financial statements for the nine-month period ended 30 September 2021. The results, according to The NGC Group Chairman Conrad Enill, signal a strong recovery relative to 2020, as The NGC Group recorded an unaudited […]

Understanding The NGC Debacle: 10 Things To Know

(Loop News, 22.Sep.2021) — What is all the talk of the scandal surrounding the National Gas Company of T&T (NGC) really about? It can sometimes be hard to understand as many of us can get confused when we hear politicians talk about upstream (oil and gas exploration companies) and the […]

NGC, MHTL Ink Gas Supply Contract

(NGC, 4.Aug.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) signed a Consolidated Gas Supply Contract (CGSC) with Methanol Holdings (Trinidad) Limited (MHTL), part of the Proman family of companies. This contract will support operations at the MHTL Methanol Complex, which includes the mega-methanol M5 plant, one […]

Perenco CEO Benoît de la Fouchardière Talks Trinidad [Q&A]

(Energy Analytics Institute, 30.Jul.2021) — Perenco’s CEO, Benoît de la Fouchardière responded to questions from Energy Analytics Institute (EAI) about its operations in Trinidad and Tobago. What follows are highlights of the exchange. Perenco’s vision in Trinidad and Tobago Perenco operates production of 450,000 equivalent oil barrels per day (boepd) […]

SEOGS2021 Highlights: Day 2

(Energy Analytics Institute, 2.Jun.2021) — Select highlights from 2 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers with companies from Modec International Inc. and Xodus Global Advisory to University of Houston visiting professor Susan Sakmar follow. Select highlights from the Suriname Energy, Oil and […]

LatAm Briefs: NGCs’ Methane Initiatives, Deloitte’s Decarbonization Challenge 2030

(Energy Analytics Institute, 19.May.2021) — Energy briefs from the Latin America and Caribbean region including: The National Gas Company of Trinidad and Tobago Limited (NGC)’s methane initiatives the Deloitte’s 2030 decarbonization challenge. [PDF Downloads] The National Gas Company’s Methane Initiatives [PDF Download] NGC revealed details about its methane initiatives and […]

NGC Joins Global Methane Partnership

(NGC, 19.May.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) has strengthened its proactive and assertive campaign to reduce its carbon impact by joining the global Oil and Gas Methane Partnership (OGMP). The OGMP is a comprehensive, measurement-based methane reporting framework that standardizes rigorous and transparent emissions […]

BHP Reports First Oil From Ruby Offshore Trinidad And Tobago

(BHP, 4.May.2021) — BHP announced first oil production from the Ruby Project in offshore Trinidad and Tobago. Ruby is located offshore Trinidad and Tobago in the shallow water in Block 3(a) within the Greater Angostura Field. The development consists of both oil and gas production from the Ruby and Delaware […]

Big Carbon Gains From NGC’s Reforestation Project

(NGC, 28.Apr.2021) — After an extensive study of the large-scale reforestation project launched by The National Gas Company of Trinidad and Tobago Limited (NGC) 2005, it was found that 2,885 tons of Carbon have been sequestered, consisting 2,290 tons above ground and an additional 595 tons below ground. Significantly, the […]

NGC, Proman Ink Interim Gas Supply Deal

(NGC, 27.Apr.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Proman Trinidad announce the resumption of an interim gas supply arrangement which would facilitate an immediate restart of MHTL’s M4 and M5000 methanol plants. This interim agreement was put in place while the commercial terms of […]

Stakeholders: Young, Govt Must Provide Fiscal Incentives To Save Energy Industry

(Trinidad and Tobago Newsday, 23.Apr.2021) — A heavy task lies ahead for the new Minister of Energy and Energy Industries, Stuart Young. Stakeholders on Thursday said Young must consider advising government to provide fiscal incentive to save the energy sector. Young was appointed the post earlier this week after the […]

Trinidad: Natural Gas Sales Down 21%

(Trinidad Guardian, 16.Apr.2021) — Natural gas sales in T&T declined by a whopping 21 per cent from February 2020 to February 2021. According to figures from the Minister of Energy, natural gas sales continued to fall and averaged 2.646 billion cubic feet per day (bcf/d) in February 2021. Natural gas […]

NGC And MTHL Gas Sale Contracts Expire

(NGC, 1.Apr.2021 — NGC advises that effective 1 April 2021, one of the gas sales contracts between The National Gas Company of Trinidad and Tobago Limited (NGC) and Methanol Holdings (Trinidad) Limited has expired. Regrettably, and despite NGC’s best efforts, no agreement was reached with MHTL on the terms for […]

NGC, Touchstone In Gas Supply Partnership

(NGC, 18.Dec.2020) — The National Gas Company of Trinidad and Tobago Limited (NGC) signed a natural gas supply agreement with Primera Oil and Gas Limited, a subsidiary of Canadian energy exploration company Touchstone Exploration on 18 December 2020. Primera, acting on behalf of its joint venture partner Heritage Petroleum Company […]

Touchstone Enters Natural Gas Sales Deal With NGC

(Touchstone, 18.Dec.2020) — Touchstone Exploration Inc. executed a long-term natural gas sales agreement with the National Gas Company of Trinidad and Tobago Limited (NGC) for all future natural gas production from the Ortoire block (Touchstone 80% working interest operator, Heritage Petroleum Company Limited 20% working interest). Operational Update Touchstone has […]

Trinidad’s LNG Output To Drop More On Gas Deficit

(Argus, 8.Dec.2020) — Trinidad and Tobago’s faltering LNG production will decline further in 2021 when 20pc of Atlantic’s liquefaction capacity undergoes an indefinite turnaround because of a natural gas shortage. Atlantic’s 3mn t/yr Train 1 will not be completely shut down in January, but the turnaround will put it “in […]

Trinidad’s Energy Chamber Launches LCMS

(Energy Chamber, 9.Sep.2020) — The Energy Chamber of Trinidad and Tobago announces the launch of its Local Content Management System. The launch of the system took place in a virtual event on 9 September 2020. In attendance were over 300 representatives from the Upstream, Downstream and Energy Service contractors and […]

NGC And BHP Ink Ruby Field Gas Supply Deal

(NGC, 21.Jul.2020) — The National Gas Company of Trinidad and Tobago Limited (NGC) and BHP announced successful completion of negotiations of a Gas Sales Agreement for the Ruby Field. Ruby is located in Block 3(a), off the east coast of Trinidad, and is expected to be commissioned in the fourth […]

Sunday Blackout Warning

(Trinidad Express, 7.Dec.2019) — The Trinidad and Tobago Electricity Commission (T&TEC) has appealed to customers in Trinidad to conserve electricity this weekend, while the National Gas Company (NGC) carries out expansion work on its network. In a public notice yesterday, the commission said NGC’s work is scheduled for tomorrow (December […]

NGC Acknowledges Cessation Of Yara Operations

(NGC, 13.Nov.2019) — The National Gas Company of Trinidad and Tobago Limited (NGC) notes the decision taken by Yara Trinidad Limited to cease operations of its ammonia plant located at the Point Lisas Industrial Estate, Trinidad. The Yara plant production represents circa 5% of total ammonia production in Trinidad. This […]

NGC Acknowledges Cessation Of Yara Operations

BHP To Invest $283mn In Trinidad Project

(Reuters, 7.Aug.2019) — Global miner BHP Group said it has approved an investment of $283 million to fund the development of an oil and gas project in Trinidad and Tobago. Total investment in the Ruby Project, in which BHP holds a 68.5% stake, is about $500 million, the miner said […]

Trinidad, BP, Shell To Restructure Atlantic LNG

(Argus, 3.Jun.2019) — Trinidad and Tobago agreed with BP and Shell to discuss restructuring Atlantic LNG to try to forestall the shutdown of Train 1, which represents 20pc of capacity. BP and Shell are the Caribbean country’s leading natural gas producers and top shareholders in the 14.8mn t/yr Atlantic liquefaction […]

Trinidad PM Rowley: Pray For Oil

(Trinidad and Tobago News Day, Sean Douglas, 17.Apr.2019) — The Prime Minister has publicly implored prayerful citizens to pray for new deposits of oil to be found in exploratory drilling 80 miles off Trinidad’s east coast. “Our future will be very bright if we are successful,” Dr Rowley told a […]

BP Gives Go-ahead For Pair Of Trinidad Projects

Trinidad: Crouching Tiger

(Trinidad and Tobago Newsday, Kiran Mathur Mohammed, Camille Moreno, 30.Aug.2018) — The Dragon gas deal signed last Saturday is worth celebrating. The clink of glasses will be heard in boardrooms in both countries. The government deserves it for getting this far, amid the chaos in Venezuela, and the spectre of […]

Venezuela Gas Price Deal Competitive—Khan

(Trinidad Guardian, 27.Aug.2018) — Government is giving no details on the pricing structure this country will pay for gas from the Dragon Field under the agreement signed with Venezuela on Saturday, but Energy Minister Franklin Khan is assuring that the pricing structure agreed to was competitive and followed “months of […]

MEEI Updates on Status of Trinidad Energy Infrastructure

(MEEI, 24.Aug.2018) — The Ministry of Energy and Energy Industries (MEEI) has been monitoring the impacts of the 6.9 magnitude earthquake which occurred on Tuesday 21st August, 2018 at 5:31 p.m. that reportedly caused some property damage across the country. Reports from the energy sector companies have, so far, indicated […]

Trinidad and Venezuela to Sign Gas Agreement

(CMC, 24.Aug.2018) — Prime Minister Dr Keith Rowley will lead a delegation to Venezuela tomorrow to sign an agreement for the development of the across border gas from the Venezuelan Dragon Gas Field, according to an official statement issued here. The statement from the Office of the Prime Minister noted […]

Dragon Gas Deal Finalised Tomorrow

(Trinidad and Tobago Newsday, Carla Bridglal, 21.Aug.2018) – After nearly two years of negotiations between this country and Venezuela the deal that will allow TT to process gas from the Dragon gas field is expected to be finalised tomorrow. A release from the Office of the Prime Minister (OPM) said […]