An­drea Perez-Sobers and Pe­ter Christo­pher

Yet an­oth­er se­nior ex­ec­u­tive at­tached to a state-owned en­er­gy com­pa­ny has de­part­ed his of­fice.

In an in­ter­nal memo yes­ter­day, Phoenix Park Gas Proces­sors Ltd (PPG­PL) in­di­cat­ed that its pres­i­dent, Do­minic Ram­per­sad, had tak­en up ear­ly re­tire­ment with ef­fect from No­vem­ber 21, 2025, (yes­ter­day).

The memo to staff, which was signed by Na­tion­al Gas Com­pa­ny (NGC) chair­man Ger­ald Ramdeen, out­lined that “Col­in Rame­sar will as­sume the role of Act­ing Pres­i­dent un­til fur­ther no­tice.” Rame­sar took up the role with im­me­di­ate ef­fect, the memo stat­ed.

Guardian Me­dia was told that Ram­per­sad, who had spent 25 years at the com­pa­ny, was seen pack­ing his be­long­ings at around 2pm yes­ter­day. Sources stat­ed Ram­per­sad was asked to pro­ceed on pre-re­tire­ment leave de­spite not hav­ing in­tend­ed to leave the com­pa­ny at this time.

NGC of­fi­cials not­ed Ram­per­sad’s de­par­ture is sig­nif­i­cant giv­en his wealth of knowl­edge in the or­gan­i­sa­tion.

Guardian Me­dia called Ramdeen for a com­ment on the mat­ter, but he did not an­swer.

Phoenix Park Gas Proces­sors Lim­it­ed is a Trinidad and To­ba­go com­pa­ny, which was formed in May 1989. It is owned by NGC NGL Com­pa­ny (51 per cent), Trinidad and To­ba­go NGL (39 per cent) and Pan West En­gi­neers & Con­struc­tors LLC (10 per cent).

Ear­li­er this week, TTNGL, which is pub­licly list­ed, an­nounced it had record­ed a prof­it af­ter tax of TT$99.6 mil­lion for the third quar­ter of the fi­nan­cial year, a sig­nif­i­cant im­prove­ment over the TT$63.5 mil­lion prof­it re­port­ed for the same pe­ri­od last year.

In the quar­ter­ly re­port, TTNGL stat­ed, “Prof­it from TTNGL’s in­vest­ment in PPG­PL for the quar­ter was pos­i­tive­ly im­pact­ed by the re­ver­sal of recog­nised im­pair­ment charges of TT$85.3 mil­lion. This treat­ment is sup­port­ed by the re­in­state­ment of the li­cence is­sued by the US De­part­ment of the Trea­sury’s Of­fice of For­eign As­sets Con­trol (OFAC) for nat­ur­al gas col­lab­o­ra­tion re­gion­al­ly.”

TTNGL has not paid div­i­dends to its share­hold­ers for sev­er­al years be­cause the com­pa­ny has been re­quired by ac­count­ing reg­u­la­tions to im­pair its bal­ance sheet.

Ram­per­sad’s sud­den de­par­ture comes just un­der two months since Na­tion­al En­er­gy pres­i­dent Dr Ver­non Pal­too pro­ceed­ed on ear­ly re­tire­ment leave from that com­pa­ny.

Ramdeen him­self was a re­place­ment in Ju­ly for Dr Randy Ra­mad­har Singh, who had been ap­point­ed NGC chair­man in June be­fore his ap­point­ment was re­voked a month lat­er.