The National Gas Company of Trinidad and Tobago has signed two contracts with Perenco for the supply of natural gas.
The signing took place during a ceremony at the Hyatt Regency Hotel in Port of Spain on Friday.
Chairman of the National Gas Company of Trinidad and Tobago, Gerald Ramdeen, said the company is now in a better place to provide natural gas to the downstream industry.
“I am proud to be able to stand here and say to the citizens of this country, to the government, and to the Ministry that in the last nine months we’ve been able to secure all our upstream contracts so that our supply on the upstream is secure to be able to confidently make offers to our downstream customers and to provide them with a reasonable price, the volumes that they require, or the term that they require.”
The two contracts were signed for Blocks 2C and 3A.
Mr. Ramdeen explained that the signing of these agreements has positioned this country positively.
“We are in exciting times. We want to work together with Perenco and all our joint venture partners, our upstream suppliers, our multinationals, our customers in the downstream to demonstrate that Trinidad will once again be the leader in the energy sector, not only in the Caribbean but in the region.”
General Manager of Perenco T&T Limited, Stephane Barc, says the company is pleased to enter into the agreement with the NGC and the Ministry of Energy and Energy Industries.
“These agreements reflect the renewed trust and commitment between Perenco, its partners, the National Gas Company, and the Ministry, and reinforce our long-term ambition and future in Trinidad and Tobago. We extend our sincerest thanks to the National Gas Company and the Ministry of Energy for their collaboration and partnership. I would also like to recognise the work of the teams that have been involved in negotiation, which has been diligent and very efficient.”
Acting Permanent Secretary in the Ministry of Energy and Energy Industries Karinsa Tulsie said the signing demonstrates the government’s support for upstream companies and the NGC to stimulate and boost natural gas production in T&T.