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PORT OF SPAIN, TRINIDAD AND TOBAGO (By NGC, 24.Aug.2025, Words: 171) — In 2024, The NGC Group of Companies embraced the challenges of an ever-changing energy environment and sought to build upon past successes to optimize value across all our business units as an integrated energy company. FINANCIAL REVIEW For […]
Tag: NGC
Brechin Castle Solar Limited achieves first electrons in Trinidad
PORT OF SPAIN, TRINIDAD AND TOBAGO (bp, 22.Jul.2025, Words: 190) — The Brechin Castle Solar Limited, (a joint venture partnership between bp, Shell and NGC), confirms that it has achieved first electrons from the nation’s first utility scale solar farm. RELATED: Woodside says Calypso JV continues to review development options […]
Perenco finds more gas in Onyx field offshore TrinidadÂ
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 15.May.2025, Words: 624) — Perenco T&T Limited successfully drilled the Onyx well and sidetrack in the eastern part of the Onyx field. The 2 legs encountered significant columns of natural gas in 2 separate geological compartments. The subsurface information is currently under […]
Major O&G Cos. Paid $7.4bn to Trinidad and Tobago Gov’t Between 2015-2022
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 17.Feb.2025) — Major oil and gas companies in Trinidad and Tobago — BPTT, Shell plc, EOG Resources, BHP Billiton/ Woodside Energy and The National Gas Company of Trinidad and Tobago (NGC) — paid $7.4bn to the government of the twin-island nation between […]
Touchstone Executes Rio Claro Block License
(Energy Analytics Institute, 5.Nov.2024) — Touchstone Exploration Inc.‘s wholly owned Trinidadian subsidiary Primera Oil and Gas Limited (POGL) executed on 4 Nov. 2024 an Exploration and Production (Public Petroleum Rights) license for the Rio Claro block. The Rio Claro License has been formally entered into by POGL, the Government of […]
Preliminary Work on Dragon Gas Project Begins
PORT OF SPAIN, TRINIDAD AND TOBAGO (MEEI, 14.Oct.2024) — On 11 Oct. 2024, Trinidad and Tobago’s Prime Minister Keith C. Rowley and Ministry of Energy and Energy Industries (MEEI) head Stuart R. Young, along with representatives from Shell and the National Gas Company (NGC) visited the Dona Jose 2 vessel […]
MEEI Says OFAC GL44A Doesn’t Impact Trinidad’s Amended License
(Trinidad and Tobago Ministry of Energy and Energy Industries, 17.Apr.2024) — The Office of Foreign Assets Control (OFAC), Department of Treasury of the United States Government today issued General Licence 44A which governs sanctions related to the Bolivarian Republic of Venezuela and deals with Authorizing the Wind Down of Transactions Related […]
Trinidad Seeks US License for BP Gas Project Shared with Venezuela
(Reuters, 21.Mar.2024) — The government of Trinidad and Tobago has begun talks with the U.S. for a license that would allow the joint development of a natural gas project shared with Venezuela that also involves BP, Energy Minister Stuart Young said on Thursday. The Manakin-Cocuina areas are part of the […]
Venezuela, MEEI, NGC, and bpTT discuss Manakin/Cocuina field
HOUSTON, TEXAS (Energy Analytics Institute, 14.Mar.2024) — Parties from Trinidad and Tobago and Venezuela met in Caracas, Venezuela on 13 Mar. 2024 to commence engagement, discussions and negotiations related to the cross border Manakin/ Cocuina hydrocarbon field. The presentations and discussions including the exchange of technical information and negotiation of […]
Trinidad in Talks with Europe to Supply Venezuelan Gas
(Reuters, 22.Jan.2024) — Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday. Venezuela’s government in December granted a 30-year license to Shell (SHEL.L), opens new tab and Trinidad’s National Gas Company (NGC) for joint […]
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 […]
NGC Green Joins NGC Group of Companies
(NGC, 17.Jan.2024) — Over the past few years, the local energy sector has been embracing the transition towards a cleaner energy future. NGC has been leading that movement, by pursuing a diverse Green Agenda, and integrating sustainability into all aspects of our business. NGC has delivered a milestone achievement to […]
The Energy Chamber: Dragon Deal a Historic Achievement
(Trinidad and Tobago Energy Chamber, 22.Dec.2023) — The Ministry of Energy and Energy Industries has announced that the Bolivarian Republic of Venezuela has granted the license for the Dragon Gas Field to The National Gas Company of Trinidad and Tobago Limited and Shell to develop and produce gas for export […]
Trinidad Inks Gas Deal with Venezuela
(Trinidad and Tobago Ministry of Energy and Energy Industries, 22.Dec.2023) — Historic and unprecedented energy deals for Trinidad and Tobago that provide us with positive outlooks for our future, the Honorable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister […]
Venezuela grants Dragon gas field license
HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 20.Dec.2023) — The National Gas Company of Trinidad and Tobago (NGC) and Shell were granted a license for the exploration and exploitation of non-associated gas in the Dragon field, located in Venezuela’s Paria peninsula. The license was granted during a signing ceremony in […]
Energy Chamber Welcomes News of Atlantic Restructuring Agreement
(The Energy Chamber of Trinidad & Tobago, 6.Dec.2023) — The Energy Chamber of Trinidad & Tobago welcomes the news of the final signing of the Atlantic restructuring agreement. The Energy Chamber would like to thank and compliment the negotiating teams from bpTT, Shell, the National Gas Company of Trinidad and […]
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 […]
Trinidad PM Rowley Leads Energy Talks with bp in London
(Office of the Prime Minister of Trinidad and Tobago, 4.Dec.2023) — Prime Minister Dr the Hon. Keith Rowley met with bp’s Interim Chief Executive Officer, Murray Auchincloss at the company’s headquarters in London on 4 Dec. 2023. Minister of Energy and Energy Industries and Minister in the Office of the […]
NGC Joins IMA in Bid to Save Carli Bay Mangrove
(NGC, 24.Nov.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) is joining the effort to stem the decline in mangrove health in Trinidad and Tobago. This week, the company signed a Memorandum of Agreement (MoA) with the Institute of Marine Affairs (IMA), to implement a Mangrove Rehabilitation […]
NGC and Methanex Ink Gas Supply Deal
(NGC, 13.Oct.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Methanex Trinidad Limited signed a new Gas Sales Contract (GSC) for the supply of gas to the Titan methanol plant on the Point Lisas Industrial Estate (PLIE). The agreement with Methanex – the world’s largest producer […]
NGC, PLNL Ink New Gas Sales Deal
(NGC, 4.Oct.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Point Lisas Nitrogen Limited (PLNL) have successfully concluded negotiations for the execution of a Gas Sales Contract (GSC) to govern the sale of natural gas to PLNL and represents a critical step forward for both companies […]
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 Acquires Heritage Petroleum’s Upstream Assets
(NGC, 29.Jun.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) deepened its presence and participation along the local natural gas value chain, with its latest acquisition of shareholdings in several upstream gas assets. Following the execution of a Sales and Purchase Agreement in July 2021, NGC E&P Investments […]
Trinidad to Restart Idled LNG Unit by Early 2027
(Reuters, 7.Jun.2023) — Trinidad and Tobago aims to restart an idled liquefied natural gas (LNG) unit by the first quarter of 2027 after agreeing to restructure the facility’s ownership and negotiate new gas supplies, according to three people with knowledge of the plans. Trinidad is Latin America’s largest LNG exporter, but its joint venture […]
Trinidad and Tobago: Natural Gas Crisis
(Trinidad Express, 23.Apr.2023) — The country’s lone cooking gas producer and several petrochemical plants at Point Lisas have been shut down amid a full-blown natural gas crisis triggered by an electrical fire at bpTT’s Mahogany hub and continued mechanical issues at its Cassia C platform. The Sunday Express has been […]
T&T Energy Minister Holds Successful Talks at CERAWeek in Houston
(Loop, 8.Mar.2023) — Energy Minister Stuart Young says he has had successful discussions at CERAWeek in Houston where a number of important engagements with key stakeholders in the energy industry at a global level, to further progress this country’s energy sector development. CERAWeek is widely considered to be the most prestigious […]
Paul Questions Dragon’s Gas Revenues for T&T
(Trinidad Express, 25.Jan.2023) — Energy expert Anthony Paul is not convinced that T&T has its ducks lined up to deliver the various sub-projects required to bring that gas to shore in T&T. Paul was responding to questions from the Express following Tuesday’s announcement that the US government had carved out […]
Keith Rowley’s Keynote Address at TTEC 2023
(The Office of the PM of Trinidad and Tobago, 23.Jan.2023) — Prime Minister of the Republic of Trinidad and Tobago Dr. Hon. Keith Rowley gave a keynote address at the Trinidad and Tobago Energy Conference 2023 under the theme of “Navigating a Complex Energy Future”. What follows is his address. […]
Energy Chamber on Restructuring of Atlantic by Shareholders
(The Energy Chamber of Trinidad & Tobago, 6.Dec.2022) — The Energy Chamber of Trinidad & Tobago warmly welcomes today’s signing of agreements between bp, Shell, The National Gas Company of Trinidad and Tobago Limited (the Atlantic shareholders) and the Government of Trinidad & Tobago for the restructuring of the Atlantic […]
Remarks at Announcement of Atlantic LNG Restructuring Agreement
(NGC, 6.Dec.2022) — Remarks at announcement of Atlantic LNG Restructuring agreement by the NGC President Mark Loquan. Dr. the Honourable Keith Rowley, Prime Minister of Trinidad and Tobago The Honourable Stuart Young, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister Mrs. Penelope Bradshaw-Niles, […]
David Campbell at Atlantic LNG HoA Signing
(bpTT, 6.Dec.2022) — bpTT President David Campbell speaks about the deal between BP Plc, Shell Plc, The National Oil Company of Trinidad and Tobago (NGC) and Chinese Investment Corporation (CIC). Good morning It is my honour to take part in today’s event as we mark a very important milestone for […]
bpTT Starts Production from Cassia C Facility
(bpTT, 29.Nov.2022) — bp Trinidad and Tobago LLC (bpTT) today confirms its Cassia C development has safely delivered first gas.Cassia C is bpTT’s first offshore compression platform and its biggest offshore facility. It will enable bpTT to access and produce low pressure gas resources from the Greater Cassia Area. The […]
Trinidad asks US to Allow Venezuelan Gas Imports for LNG Plant
(Reuters, 4.Nov.2022) — The government of Trinidad and Tobago is asking the United States to authorize Venezuelan gas imports to restart an idled liquefaction train in the Caribbean nation, four sources close to the talks said. Under U.S. sanctions, companies and governments must obtain authorization from the U.S. Department of […]
NGC on Reporting Under the Oil and Gas Methane Partnership
(NGC, 31.Oct.2022) — The concerted efforts of The National Gas Company of Trinidad and Tobago Limited (NGC) to address and report on methane emissions from its business, have led to the company’s achievement of Gold Standard status of reporting under the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0). This […]
NGC and bpTT Ink Collaboration Deal to Explore Energy Sector Synergies
(NGC, 13.Oct.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) and bp Trinidad and Tobago (bpTT) signed a collaboration agreement to explore opportunities for cooperation in several focus areas of mutual interest within the energy industry. The agreement, which was signed on 12 October 2022, serves to strengthen […]
Touchstone Announces First Natural Gas Production from Coho
(Touchstone, 11.Oct.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) announced that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located in the Ortoire block, where Touchstone has […]
NGC Inks PSA with Gulf Coast Methanol 1
(NGC, 11.Oct.2022) — NGC Petrochemicals Limited (NPL), a subsidiary of The National Gas Company of Trinidad and Tobago Limited (NGC), completed negotiations with Gulf Coast Methanol 1, LLC and its parent IGP Methanol LLC of the USA, for a Purchase and Sales Agreement that will allow NGC to acquire blue methanol from IGP’s Gulf […]
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 bpTT Ink Milestone Gas Deal for Future Domestic Supplies
(TT MEEI, 23.Sep.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) has signed a milestone gas supply contract (“GSC”) with energy major, bp Trinidad and Tobago (bpTT), securing a future domestic gas supply for Trinidad and Tobago for the upcoming years. NGC’s President Mark Loquan and bpTT’s […]
The NGC Group Returns to Profitability in 2021
(NGC, 22.Aug.2022) — The NGC Group of Companies’ financial performance for 2021, demonstrated a significant turnaround in profitability, as it successfully navigated the global energy landscape during that year. The Group recorded a profit of TT$2.6B for the financial year ended 31 December 2021. This profit is a far cry […]
NRGBriefs: NGC and NewGen; Ecopetrol on Uchuva-1 and Gorgon-2
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Aug.2022) — Energy briefs including The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited deepened their partnership to cooperate on the enabling of a sustainable hydrogen economy for the energy sector of Trinidad and Tobago. LATIN AMERICA AND […]
NGC and NewGen Energy Limited Sign LOI
(NGC, 31.May.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) signed a non-binding Letter of Intent (LOI) with NewGen Energy Limited, which expresses its intention to work collaboratively with NewGen to evaluate the development of NewGen’s hydrogen production facility. Subject to the commercial feasibility of this low-carbon […]
TTNGL Reveals Gains for 2021
(TTNGL, 31.Mar.2022) — Trinidad and Tobago NGL Limited (TTNGL) reported total company profits amounted to $512.8mn in 2021 compared with $6.4mn in 2020. This improvement drove earnings per share up to $3.31 at the end of year, versus $0.04 for the prior year period. As a result, the final dividend […]
NGC Inks Gas Supply Contract with TCL
(NGC, 28.Mar.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) signed a Gas Sales Contract (GSC) with local cement manufacturer, Trinidad Cement Limited (TCL). This agreement will govern the sale of natural gas to TCL and represents an important step forward for both companies after an extended […]
Secret Deal: TT Govt Agrees Atlantic LNG Train 1 is Dead
(Trinidad Guardian, 23.Feb.2022) — The Keith Rowley administration has quietly walked away from any hope of salvaging Atlantic LNG Train 1 and has instead signed an agreement with Royal Dutch Shell, the National Gas Company and bpTT to unitise trains two, three and four into a single train. The government […]
NGC and Proman Agree on New Methanol Partnership
(NGC, 18.Feb.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Proman entered a new partnership to lift methanol from the Methanol Holdings(Trinidad) Limited (MHTL) Complex in Point Lisas Industrial Estate for NGC’s methanol trading portfolio. The arrangement, which applies from 1 January 2022, provides NGC with […]
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 […]
The MEEI Executes a Heads of Agreement for Atlantic LNG Restructuring
(MEEI, 25.Jan.2022) — The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister announced the execution by the Government, and Atlantic LNG Shareholders, companies affiliated with BP, Shell Trinidad and Tobago Limited (Shell) and The National Gas Company of […]
NGC and Shell Ink a HOA to Move Forward the Manatee Gas Project
(NGC, 5.Jan.2022) — NGC signed a Heads of Agreement (HOA) with Shell to start the pre-Front End Engineering Design (pre- FEED) phase for the processing of Manatee gas via NGC’s Beachfield Facility. The HOA sets the frame for technical and commercial work to enable further progress through this phase of […]
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 […]