A new gas supply contract has been signed between the National Gas Company of Trinidad and Tobago (NGC) and bp Trinidad and Tobago (bpTT).
The signing ceremony for the new gas supply contract took place today, Friday 23 September 2022.
Minister of Energy and Energy Industries, Stuart R. Young MP, who was present at the ceremony, congratulated both parties on “negotiating, in a collaborative manner, a new gas supply contract”, which he observed, “secures future gas supply to … NGC…”
“This gas will be utilized for the downstream petrochemical sector and electricity production,” the energy minister stated in an official release issued by the ministry.
“The Government of the Republic of Trinidad and Tobago welcomes this crucial future supply of gas which is a clear and tangible indicator of bp’s continued commitment to Trinidad and Tobago,” he noted.
Minister Young chats with NGC and bpTT Executives. L to R Stuart R. Young MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister; David Campbell, incoming Regional President BP Trinidad and Tobago; Claire Fitzpatrick, Regional President BP Trinidad and Tobago (bpTT); and Mark Loquan, President of the National Gas Company. [Image courtesy Ministry of Energy and Energy Industries]
Minister Young said the new gas supply arrangement “augers well for the future of Trinidad and Tobago’s energy sector”. The contract is the culmination of efforts by the Ministry of Energy and Energy Industries, the NGC and bpTT.
“The sanctioning of this future gas supply was part of the discussions that took place at the bp Headquarters, St. James’ Square, London, UK, between the Prime Minister, Dr. the Honourable Keith Rowley and Mr. Bernard Looney, CEO of bp’s Global Operations on September 15, 2022,” said Minister Young.
The minister was present at that London meeting, along with other bp executives, including Anja-Isabel Dotzenrath, EVP – Gas and Low Carbon Energy.