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In a demonstration of its unflagging commitment to transparency and alignment with global best practice, The National Gas Company of Trinidad and Tobago Limited (NGC) has published its 6th annual Sustainability Report, covering the period January to December 2022. To date, NGC maintains its leadership role in sustainability reporting among local state enterprises.
The National Gas Company of Trinidad and Tobago Limited (NGC) and Methanex have partnered to sponsor Sustain-U, a sustainability and ESG (environment, social, governance) training platform developed by Caribbean Ideas Academy.
With the political progress taking place between the Government and Opposition in Venezuela, the United States has lifted almost all of the sanctions on the Venezuela oil and gas industry for the next six months, with an expectation that this will be extended once political progress continues to be made towards free democratic elections in 2024. This comes on the back of the announcement of the extension of the waiver on the Dragon field gas project through to October 2025 and the removal of restrictions on the types of payments that Trinidad & Tobago could make for any gas received.
The Energy Chamber of Trinidad & Tobago warmly welcomes the announcement from the Trinidad & Tobago Minister of Energy and Energy Industries, The Honourable Stuart Young, of the further progress with the development of Dragon field and the granting of an amended license from the United States Treasury Department Office of Foreign Asset Control (OFAC) to the Government of Trinidad & Tobago. This amended license, extended through to 25th October 2025, will allow the Government of Trinidad & Tobago to pay for natural gas exported from the Dragon field in Venezuela in any currency or in humanitarian aid.
Paria Fuel Trading Company Limited (Paria) is pleased to announce its partnership with Pennacool.com, a renowned educational company, to donate books to students within our fenceline communities. This initiative aims to foster an environment for learning and to provide educational resources to enhance student’s academic performance.
The 8th Annual Meeting (AGM) of the Shareholders of Trinidad and Tobago NGL Limited (‘TTNGL’), was hosted on 12th October, 2023. The meeting primarily focused on the operang performance of TTNGL and its underlying asset Phoenix Park Gas Processors Limited (PPGPL), and the strategies being pursued to enable growth amid persistent downside risk in the industry.
Methanex Corporation has announced that it has signed a two-year natural gas agreement with the National Gas Company of Trinidad and Tobago (NGC) for its currently idled, wholly owned, Titan methanol plant (“Titan”) (875,000 tonnes per year capacity) to restart operations in September 2024. Simultaneously, the Company announced its intention to idle the Atlas methanol plant (“Atlas”) (Methanex interest 63.1% or 1,085,000 tonnes per year capacity) in September 2024, when its legacy 20-year natural gas agreement expires.
The Energy Chamber of Trinidad & Tobago warmly welcomes the announcement of the 2023 Shallow Water Bid Round earlier today. Coming on the back of the signing of three deepwater production sharing contracts last week and the successful onshore bid round earlier this year, this bodes well for future development of Trinidad & Tobago oil and gas resources. It is important for the future of the country that we have a consistent and active exploration programme within Trinidad & Tobago’s economic zone to ensure that resources are identified, and reserves are brought into production as quickly as possible.
The National Gas Company of Trinidad and Tobago Limited (NGC) continues to demonstrate an unflagging commitment to climate action, through expansion of its Green Agenda portfolio of products and initiatives.
The last few days have seen a flurry of positive developments in the Trinidad & Tobago energy sector: the Trinidad & Tobago and Venezuelan government agreement on the development of the Dragon gas field, the agreement of production sharing contracts for a Shell/bp consortium to explore three deepwater blocks, the NGC – Shell Manatee field offtake contract for domestic gas, the visit from Marubeni and discussions with the Minister of Energy on power, hydrogen and wind, and the recommitment of Hydrogen de France to invest in hydrogen production in Trinidad and the upcoming visit of senior executives from the company. There was also news that bpTT and Shell executives had special meetings with the Board of Directors of NGC, their discussions centered around long-term gas supply, strategies for decarbonisation of the energy and industrial sectors, and mechanisms to help transition the energy value chain to a low-carbon future. All of this is positive news for the future of the Trinidad & Tobago energy sector and they all relate to elements of the Energy Chamber’s six-point plan to secure the future of our gas industry and future exports of gas and petrochemicals.
In demonstration of a collective commitment to domestic energy security and the energy transition, The National Gas Company of Trinidad and Tobago Limited (NGC), convened separate special board meetings with Shell Trinidad and Tobago Limited (Shell) and bp Trinidad and Tobago (bpTT). Both meetings took place at the Hilton Trinidad and Tobago Conference Centre on September 22nd 2023, to discuss the path forward for energy. They were joined by The Hon. Stuart Young, Minister of Energy and Energy Industries.
The Caribbean Community (CARICOM) notes with grave concern the contents of a Communique emanating from the Bolivarian Republic of Venezuela regarding the announcement made by our sister Member State, the Cooperative Republic of Guyana, about its intention to open bids for certain oil blocks in the waters adjacent to Guyana’s coast.
The Honourable Stuart R. Young MP Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister along with Mrs. Sandra Fraser, Permanent Secretary (Ag) at the Ministry of Energy and Energy Industries met with Mr. Ryota Kobayashi, General Manager Overseas Power Marubeni Power International Inc; Mr. Mo Majeed, Chairman, Marubeni Power International of South Jamaica (SJPC) and Ms. Sandra Welch-Farrell. The meeting took place at the Trinidad Hilton Hotel and Conference Centre.
The National Gas Company of Trinidad and Tobago Limited (NGC) and Shell Trinidad and Tobago Limited (Shell) have signed an amended Domestic Gas Sales Contract (DGSC) to incorporate a share of the natural gas volumes from the Shell-operated Manatee field once the project is sanctioned. The signing took place on September 22nd at Hilton Trinidad and Tobago Conference Centre, and was attended by The Honourable Stuart Young, Minister of Energy and Energy Industries, along with the principals of both signatory companies. The amended DGSC will entitle NGC to purchase gas produced from one of the country’s largest offshore fields, to supply to the downstream sector across the medium term.
The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, Stuart R. Young, M.P. advises that the Cabinet approved the award of three deep water blocks to a consortium of bp and Shell.
The Energy Chamber is extremely pleased to hear the news that Trinidad & Tobago and Venezuela have signed an agreement to work on the Dragon field in Venezuelan waters. The Energy Chamber congratulates the Government of Trinidad & Tobago for delivering this agreement, and in particular the Minister of Energy, the Honourable Stuart Young, who has worked tirelessly to secure the agreement in a very challenging environment.
The Ministry of Energy and Energy Industries in a social media post has shared that T&T has signed an agreement to work on the Dragon field in Venezuelan waters.
bp Trinidad and Tobago (bpTT) can today confirm it has successfully completed its Trinidad Offshore Pipeline Replacement (TOPR) project and safely integrated the new infrastructure into its operations.
HDF Energy (Hydrogène de France), leading developer of large-scale green hydrogen infrastructure and high-power fuel cell manufacturer, announces the appointment of Jean- Noel de Charentenay as new chairman of certified low-carbon hydrogen project NewGen.
Shell has formally begun the process of seeking environmental clearance for the highly anticipated Manatee project, though the submission of an application for a certificate of environmental clearance to Trinidad & Tobago’s Environmental Management Authority (EMA).
