The National Gas Company of Trinidad and Tobago has completed the renewal of all downstream gas supply contracts with affiliates of Proman, securing natural gas supply for key methanol and ammonia operations on Trinidad’s Point Lisas Industrial Estate.
The development was outlined in a May 19 report from the Energy Chamber of Trinidad and Tobago, which said NGC also signed a new gas sales agreement with Methanol Holdings (Trinidad) Limited (MHTL), the country’s largest methanol producer.
The agreement follows recent contract renewals for Proman-linked ammonia producers Caribbean Nitrogen Company Limited and Nitrogen (2000) Unlimited, completing NGC’s negotiations across the entire Proman downstream portfolio.
During the signing ceremony, NGC Acting President Edmund Subryan stated, “This agreement supports a key downstream industry that creates significant value for Trinidad and Tobago and contributes to the country’s economic resilience… and provides greater certainty for continued operations and investment in Trinidad and Tobago”.
The contracts are significant for Trinidad and Tobago’s energy sector, where petrochemical plants depend on stable gas supply to maintain exports, industrial production and employment. The Point Lisas Industrial Estate remains one of the country’s largest industrial hubs and a major contributor to foreign exchange earnings through methanol and ammonia exports.
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NGC Chairman Gerald Ramdeen said the renewals demonstrate continued cooperation between the state gas company and downstream operators.
“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 recognized 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,” Ramdeen said.
