45th Anniversary Timeline
← Deepening the Gas Value Chain
In 1977-78, a major 97 km/24-inch-diameter marine pipeline with a capacity of 400 million standard cubic feet per day (MMscf/d), was installed from AMOCO’s offshore Teak field to Point Galeota. Two landlines, one from Beachfield to Picton and a second from Picton to Phoenix Park were also installed.
On September 7, 1979, National Energy Corporation of Trinidad and Tobago Limited (then NEC) was established to “guide the development and management of oil, gas and other mineral resources of Trinidad and Tobago and to assist the Government in the formulation of energy and industrial policy and strategy.”
In 1989, NGC received government’s approval to build and operate a natural gas processing plant through a joint venture with ConocoPhillips and Pan West. NGC’s initial shareholding was 49%. This was the genesis of Phoenix Park Gas Processors Limited (PPGPL), incorporated in May 1989 and made operational in June 1991.
Product-related or commodity-linked pricing was a gas sales contract innovation developed and approved in 1988, and first used in 1993. This mechanism is credited with facilitating the rapid expansion of downstream industry and is considered a critical component of the Trinidad Gas Model of Development.
1998 – 1999
In 1998, AMOCO built two lines: a 40-inch-diameter offshore line from its Mahogany field to Beachfield and a 36-inch-diameter landline from Beachfield to Point Fortin. NGC purchased the right to transport gas through the offshore line and acquired ownership of the landline. In 1999, NGC built a 36-inch diameter landline from Beachfield to Point Lisas. NGC’s personnel carried out the design and construction of the NGC line in-house, and were involved in the design and engineering of the AMOCO lines.
In January 1999 NEC was re-operationalised as a separate subsidiary with responsibilities for providing and managing port and marine facilities at Port Point Lisas; the management of the La Brea Estate and adjoining port on behalf of LABIDCO, as well as the continued development of new industrial sites.
NGC’s large-scale reforestation exercise, launched in 2005, aimed to replant an area of forest equivalent to that cleared for the development of the Cross-Island Pipeline, Beachfield Upstream Development and Union Industrial Estate. This project was aligned to the Company’s policy of achieving ‘no net loss’ from business operations.
NGC increased its ownership of PPGPL to 90% in 2013, by acquiring ConocoPhillips’ 39% stake. This was followed by NGC’s purchase of the Exploration and Production (E&P) assets in the Angostura field of the France-based energy operator TOTAL Trinidad B.V., and Elf Exploration Trinidad B.V.’s 30% interest in Block 2 (c) and 8.5% in Block 3 (a) respectively.
Between 2015 and 2019, the NGC Group signed partnership agreements with state entities in Venezuela, Grenada, Jamaica, Ghana and Mozambique, while advancing discussions on opportunities in Guyana, Chile, the USA and Tanzania. In April 2019, NGC signed an MOU with Beijing Rheingau Investment Corporation of the People’s Republic of China, to explore cooperation relative to the oil, gas and energy industry, beginning with LNG marketing and trading.
The NGC Group embarked on a Green Agenda to support the global transition to clean energy. Among the initiatives advanced were the development of the Energy SmarTT mobile app, an operational focus on methane tracking, a carbon sequestration study at NGC’s reforestation sites, research partnerships with academia and an intensified focus on public education around clean energy.
In 2021, in furtherance of its green agenda, NGC launched the CariGreen website – a digital information hub which brings research resources about Caribbean energy into a single platform.