NGC signs gas supply contract with Point Lisas Nitrogen

The Na­tion­al Gas Com­pa­ny of Trinidad and To­ba­go Lim­it­ed has signed a new Gas Sales Con­tract with Point Lisas Ni­tro­gen Lim­it­ed to con­tin­ue sup­ply­ing nat­ur­al gas to the com­pa­ny’s am­mo­nia plant.

In a state­ment, NGC said the agree­ment fol­lowed ne­go­ti­a­tions be­tween the two com­pa­nies and will al­low PLNL to main­tain op­er­a­tions at its Point Lisas fa­cil­i­ty.

PLNL pro­duces an­hy­drous am­mo­nia for ex­port to in­ter­na­tion­al mar­kets. NGC said the con­tin­ued gas sup­ply will al­low the com­pa­ny to meet its con­trac­tu­al oblig­a­tions to cus­tomers while con­tribut­ing to na­tion­al rev­enue through its op­er­a­tions.

Act­ing NGC pres­i­dent Ed­mund Sub­ryan said the agree­ment re­sult­ed from ne­go­ti­a­tions be­tween the com­mer­cial and le­gal teams of both com­pa­nies.

He said, “…bal­anc­ing the needs of var­i­ous stake­hold­ers re­quires mean­ing­ful di­a­logue, co­op­er­a­tion, and a shared fo­cus on long-term na­tion­al in­ter­ests.”

NGC chair­man Ger­ald I. Ramdeen said the com­pa­ny re­mains mind­ful of its role in sup­ply­ing nat­ur­al gas to down­stream in­dus­tries and man­ag­ing the coun­try’s gas re­sources.

“The ex­e­cu­tion of the GSC is a sol­id in­di­ca­tor of the re­silience and per­ma­nen­cy of the lo­cal petro­chem­i­cal sec­tor,” Ramdeen said.