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THE NATIONAL GAS
COMPANY (NGC) NGC is a profitable, diversified, state-owned company with a critical role in the development of Trinidad and Tobago’s natural gas-based energy sector. We are strategically positioned as a mid-stream operator with strong linkages both upstream and downstream. We have invested in the development of gas pipelines and port and industrial site infrastructure, and other strategic investments such as NGLs and LNG, and we offer a uniquely competitive gas-pricing model which has supported a thriving gas-based energy sector. The local gas sector has seen an average of 10% year on year growth since 1998 and accounts for over 40% of national GDP. In 2010, our diverse business asset base was valued at US$4.4 billion, while our profits exceeded US$398 million. CORE ACTIVITIES Our business is to purchase, compress and transport, sell and distribute natural gas to industrial users. We own, maintain and operate the country’s transmission and distribution pipeline network of approximately 880 km which comprises both offshore and onshore segments. Our transportation capacity is currently 4.4 billion cubic feet per day (Bcf/d). We are engaged in strategic investments in industrial sites, port and marine infrastructure and services, upstream gas and oil production, NGLs and LNG production and shipping. When the Tobago pipeline comes on stream, new opportunities for gas utilization will arise in Tobago, and provide a platform for any future pipeline expansion to the Eastern Caribbean. So successful has been the NGC group at developing the energy sector, the country is now ranked in the top five exportation sites for ammonia, methanol and LNG in the world. NGC is now poised to this “Trinidad Model of Gas Development”, globally. National Energy Corporation (NEC) Through NGC’s primary subsidiary, National Energy Corporation of Trinidad and Tobago Limited (NEC) which was established in 1979, port and industrial sites are developed and managed to support group strategy of “wooing” investment in value-added industries from the existing base of world-class primary petrochemicals (methanol and ammonia). NEC is seeking investments in integrated petrochemical processing, plastic resins manufacturing, inorganic chemicals, metals processing industries, alternative/renewable energy industries, biochemical processing and energy-based manufacturing industries. The following projects are in various stages of negotiations/development with prospective investors:• Ammonia/Urea/Melamine Complex (AUMII) • Calcium Chloride/Caustic Soda Plant • Maleic Anhydride Complex • Downstream Melamine-based Projects • Methanol to Olefins Project Next Page ---> |
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