The National Gas Company of Trinidad and Tobago (NGC) signed a new gas sales contract with Methanol Holdings (Trinidad) Limited (MHTL), securing natural gas supply for the largest methanol producer on the Point Lisas Industrial Estate.
According to the NGC, the agreement, marks the finalization of the company's downstream contract renewals with Proman Group affiliates. It follows the recent execution of supply deals for Proman’s ammonia operations, Caribbean Nitrogen Company Limited and Nitrogen (2000) Unlimited.
NGC’s Acting President, Mr. Edmund Subryan, stated, “NGC remains steadfast in fulfilling its commitments to customers and fostering stability across the gas value chain. This agreement supports a key downstream industry that creates significant value for Trinidad and Tobago and contributes to the country’s economic resilience. We are particularly pleased that the completion of these agreements with the Proman Group represents the successful conclusion of all downstream contract renewals within that portfolio, providing greater certainty for continued operations and investment in Trinidad and Tobago. “
NGC Chairman, Mr. Gerald I. Ramdeen, added, “These agreements reflect NGC’s proactive engagement with downstream stakeholders and its commitment to supporting the continued success and competitiveness of Trinidad and Tobago’s energy sector. The successful conclusion of negotiations with all Proman Group companies demonstrates that constructive partnership and meaningful dialogue, continue to deliver positive outcomes for the industry and the country. The execution of these contracts evidences the confidence that the downstream petrochemical sector has in the management of this country’s gas supply by NGC. Importantly, these contracts help secure continuity within Trinidad and Tobago’s globally recognised methanol and ammonia industries, supporting export activity, employment, foreign exchange earnings and long-term national development for the benefit of the people of Trinidad and Tobago. The agreements form part of NGC’s broader efforts to strengthen the domestic gas value chain, support industrial stability and maintain Trinidad and Tobago’s position as a competitive and reliable energy producer.”