(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 […]
Tag: NGC
Interruption In Gas Supply Behind TT Power Outages, TGU Says
(T&T Loop News, 23.Dec.2021) — Power outages experienced across the country on Wednesday were due to works by the National Gas Company (NGC). Intermittent outages were reported across parts of South, Central, North and East Trinidad. According to a statement from independent power producer Trinidad Generation Unlimited (TGU), a brief […]
![NGC Reports Results for Period Ended 30 Sep. 2021 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2021/12/2018-06-08_ngc-headoffice_3299_shaun-rambaran-1280x640-1.jpg)
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]](https://energy-analytics-institute.org/wp-content/uploads/2021/12/head-office-undercroft-view-source-ngc.jpg)
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 […]
Shell To Tap Major Gas Field Off Trinidad
(Argus, 19.Oct.2021) — Shell plans to sign a production-sharing contract (PSC) for the 2.7 Tcf Manatee offshore natural gas field in Trinidad and Tobago, a project the government hopes will overcome a chronic gas supply shortage. Manatee holds the potential to provide “the single largest new gas production in Trinidad […]
Scandal Deepens Over Ill-fated Gas Deal
(Trinidad Guardian, 3.Sep.2021) — In what could turn out to be a major scandal for the government and state-owned National Gas Company, (NGC) Guardian Media has obtained confidential correspondence between Finance Minister Colm Imbert and the Board of the NGC that show the Board seeking, and Imbert agreeing, to grant […]
Should NGC Buy Train 1?
(Trinidad Express, 10.Aug.2021) — In its 2021 annual report, the T&T Government’s investment holdings company, National Enterprises Ltd (NEL) states that “the full impairment of the Train 1 plant at Atlantic LNG” resulted in the fair value of NEL’s shareholding in Train 1 being written down from the value of […]
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 […]
NGC Inks Zandolie Field Gas Sales Contract
(NGC, 4.Aug.2021) — DeNovo Energy Limited and The National Gas Company of Trinidad and Tobago (NGC) signed a Zandolie Field development Gas Sales Contract (GSC) for commercialisation of the Zandolie Field located in Block 1(a). The Zandolie Field Development project will be DeNovo’s second offshore instalment following the Iguana field […]
BP: No Gas For Train 1
(Trinidad Express, 19.Jul.2021) — Energy major BP said there is no “ongoing fight” between itself and the minority shareholder of Atlantic, Royal Dutch Shell. In a statement issued late yesterday, responding to an Express story, the London-based energy company said it has been working closely with the other Atlantic LNG […]
Big Energy Fights Over Atlantic
(Trinidad Express, 18.Jul.2021) — No definitive decision has as yet been taken to mothball Atlantic Train I, industry insiders have said. According to these insiders, reports of the plant being mothballed should be seen as part of the ongoing fight between BP and Royal Dutch Shell, two of the world’s […]
Trinidad’s MEEI Reflects On Atlantic LNG Train 1
(MEEI, 17.Jul.2021) — The Government has been in discussions with all of the shareholders of Atlantic LNG for months with respect to the future of Atlantic LNG. These discussions are ongoing and at a very sensitive stage. The Government and the National Gas Company of Trinidad and Tobago (NGC) have […]
Minister Young Visits Ortoire Block
(MEEI, 13.Jul.2021) — The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young, M.P. and his MEEI team braved the elements yesterday to visit the Ortoire Block via an invitation from Touchstone Exploration Inc to conduct a seismic survey. […]
Atlantic LNG’s Future Still Being Discussed
(Trinidad Guardian, 13.May.2021) — The future of Atlantic LNG’s operations and, more specifically, the status of Train 1 is still being discussed by stakeholders. This even though the National Gas Company of T&T Ltd (NGC) has already spent tens of million of dollars to restart the Train 1 plant. Minister […]
NGC And TRINGEN Ink Gas Sales Deal
(NGC, 11.May.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) signed a Gas Sales Agreement with Trinidad Nitrogen Company Limited (TRINGEN). TRINGEN, with two (2) ammonia plants and gas turbine power generation, is 51% owned by National Enterprises Limited (NEL) and49% by Yara Caribbean (2002) Ltd. It […]
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 […]
Ramnarine: Appointment Of Energy Minister Critical To Economy
(Trinidad and Tobago Newsday, 19.Apr.2021) — Former energy minister Kevin Ramnarine said it is critical for the Prime Minister to name a new Minister of Energy over the next two days, as Trinidad and Tobago is still an oil and gas-dependent economy. He said the shortfall in revenue and 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 […]
Using CO2 Enhances Oil Recovery In TT
(Trinidad and Tobago Newsday, 15.Apr.2021) — In February 2021, the Ministry of Energy and Energy Industries (MEEI) announced that Cabinet agreed to establish a carbon capture and carbon dioxide (CO2) enhanced oil recovery (EOR) steering committee, responsible for managing the implementation of a large-scale CO2-EOR project in Trinidad. Potential oilfields […]
Destruction Of The Downstream TT Sector
(Trinidad Guardian, 7.Apr.2021) — On April 1 Methanol Holdings (Trinidad) Ltd announced that it had taken a decision to immediately shut down its M4 and M5000 methanol plants in Point Lisas, with the latter being the largest methanol plant in the country and the world. According to MHTL the decision […]
More Pain For Trinidad’s Gas Sector
(Trinidad Express, 2.Apr.2021) — A new wave of natural gas pain hit Trinidad and Tobago yesterday. The pain came when the country’s largest producer of methanol, the Switzerland-headquartered Proman group, announced it was idling its M4 and M5000 methanol plants on the Point Lisas Industrial Estate effective immediately. In a […]
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 Supports Energy Journalism Training
(NGC, 29.Jul.2020) — On July 08th 2020, The National Gas Company of Trinidad and Tobago Limited (NGC) concluded a six-week energy journalism training which saw local and regional journalists tuning in online every Wednesday from June 3rd to July 8th 2020 to learn more about the energy sector. Resource professionals […]
BHP’s Ruby Project Moving Forward Offshore Trinidad
(Energy Analytics Institute, 21.Jul.2020) — The Ruby project offshore Trinidad & Tobago expects initial production in calendar year 2021, according to BHP. The project will have capacity for five production wells to be tied back into existing operated processing facilities, with gross capacity to produce up to 16,000 barrels per […]
Trinidad-Venezuela Ties Omit Natural Gas For Now
(Argus, 29.May.2020) — Trinidad and Tobago declared explicit support for Venezuela’s US-sanctioned government this week, but the political ties will not revive natural gas cooperation in the near term because industrial demand has crumbled. Venezuela’s vast untapped offshore gas deposits and cross-border fields have long been seen as vital to […]
Fact Box: Atlantic LNG Trains
(Atlantic LNG, 10.Feb.2020) — Over our years of expansion, between 1999 – 2005, we first tripled the capacity of Train 1 with Trains 2 and 3, and then nearly doubled Train 1’s capacity with the construction of Train 4. The facility’s full capacity is 15 million tonnes per annum (mtpa) […]
NGC Chairman End-of-Year 2019 Message
(NGC, 31.Dec.2019) — National Gas Company Chairman Conrad Enill provided the company’s year-end 2019 message, which highlighted milestones achieved during the year. Dear Colleagues and members of the NGC Group Family; End of year is always a time to reflect on the growth, achievements and lessons of the past few […]
Trinidad Gas Gap To Claim More Industries
(Argus, Lucien Chauvin, 18.Nov.2019) — Trinidad and Tobago’s industries regulator is warning that a natural gas shortage is slowly chipping away at the country’s industrial base. James Lee, executive director of the regulated industries commission, told Argus on the sidelines of a gas conference that the planned closure of a […]
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
(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. ***
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 […]
BHP To Invest $283mn In Trinidad Project
(Reuters, 7.Aug.2019) — Global miner BHP Group said on Thursday 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 […]
The National Gas Company Key To Gas Value Chain
(T&T Newsday, Clint Chan Tack, 4.Jul.2019) — The National Gas Company (NGC) needs to remain a key part of this country’s natural gas value chain, but it may have to be more flexible in terms of how it deals with its customers – and the Government will also have to […]
Trinidad’s Atlantic Resumes LNG Production
(Argus, 21.Jun.2019) — Trinidad and Tobago’s LNG producer Atlantic resumed operations today at its four-train 14.8mn t/yr liquefaction facility after a five-day shutdown caused by a power cut. The trains are being re-fired “progressively” and will eventually be brought up to full capacity, Atlantic told Argus, without indicating when optimum […]
Carolyn Wants Details on Dragon Gas Deal
(Trinidad and Tobago Newsday, Sean Douglas, 28.Aug.2018) — Four questions have been posed by Congress of the People leader and former energy minister Carolyn Seepersad-Bachan over the Dragon gas deal signed on Saturday between the leaders of TT and Venezuela. “Whereas the government may not be able to publicly state […]
Five Things About T&T, Venezuela’s Dragon Gas Deal
(Loop News, 26.Aug.2018) — On August 25, 2018, an historic agreement was made between Prime Minister Dr Keith Rowley and Venezuelan President Nicolás Maduro for access the Venezuela’s Dragon Field. Here are five things to know about the Dragon field gas deal: Dragon will produce 150 million cubic feet per […]
Venezuela to Send DragĂłn Gas to Trinidad
(Energy Analytics Institute, Piero Stewart, 25.Aug.2018) — Venezuela will send its DragĂłn field natural gas to Trinidad for processing. That’s according to a deal signed today in Caracas between the governments of Trinidad and Tobago and Venezuela, reported Venezuela’s Ministry of Petroleum in a series of tweets. The countries were […]
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 […]
Major Petroleum Cos. Pay T&T $114.7 Bln during 2010-2016
(Energy Analytics Institute, Aaron Simonsky, 20.Aug.2018) – Payments by major oil and gas companies to the government of the twin-island nation of Trinidad and Tobago totaled $114.7 billion during 2010-2016. That’s according to figures posted by Strategic Energy Advisor Kevin Ramnarine, who is also the Former Energy Minster of Trinidad […]
Atlantic Puts Focus on Process Safety
(Trinidad Guardian, 21.Jul.2018) – Atlantic CEO Dr Philip Mshelbila and Rob DiValerio, BP’s Vice President—Group Process Safety Central, have highlighted the central role of employees in the systems that protect natural gas plants from leaks and other failures. The two headlined the recently concluded 7th annual Process Safety Week, hosted […]
Why is NGC Still Litigating?
(Trinidad and Tobago Newsday, Richardson Dhalai, 19.Jul.2018) – Former attorney general Ramesh Lawrence Maharaj, SC, is questioning why the National Gas Company (NGC) is continuing legal action against SIS and Rainforest, after the Privy Council dismissed NGC’s appeal and ruled in favour of the two companies. Addressing a media conference […]
NGC loses SIS challenge in Privy Council
(Trinidad and Tobago Newsday, 16.Jul.2018) – State-owned National Gas Company has lost an appeal in its multi-million claim against Super Industrial Services (SIS) and another company as the Privy Council today dismissed an appeal in which it challenged a decision to strike out its lawsuit on the ground that it […]
Stuart Young Leads Venezuelan Energy Talks
(LoopTT, 27.Jun.2018) – Minister in the Office of the Prime Minister, Minister in the Ministry of the Attorney General and Legal Affairs and Minister of Communications Stuart Young led a Trinidad and Tobago delegation in Venezuela on Wednesday. The team comprised of the President of the National Gas Company of […]