Media Release: NGC and bpTT Sign Milestone Gas Contract

NGC and bpTT Sign Milestone Gas Contract for Future Domestic Supplies

Focus on Greater Collaboration Going Forward

June 2, 2017
With existing gas agreements coming to an end in 2018, The National Gas Company of Trinidad and Tobago Limited (NGC) signed a milestone gas supply contract with oil major BPTT, securing a future domestic gas supply for Trinidad and Tobago. NGC’s President Mark Loquan and BPTT’s Norman Christie, participated in a ceremonial signing of the agreements at BPTT‘s Queen’s Park West office last month.

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Media Release: NGC & bpTT – New Gas Supply Agreement

NGC Chairman Gerry C Brooks is pleased to announce that the NGC Team has substantially completed negotiations on a new supply agreement which would support the sanction of the Angelin project. BP proposed to invest US$5B in future development which will greatly assist in the alleviation of the gas shortage situation. With NGC President, Mark Loquan, both advised that Angelin will build upon recent game-changing initiatives in Trinidad and Tobago, such as the Trinidad Offshore Compression (TROC), Juniper, and Dragon projects. Angelin gas development project, coupled with these projects, will stabilize gas production against projected decline.