Even before the compounding impacts of the Covid-19 pandemic, NGC had been open about gas pricing issues, noting that the increased cost of natural gas from the upstream gas suppliers meant that its customers would also pay higher costs for their fuel and feedstock. Some may use this fact to paint NGC as profit-mongering at the expense of the sustainability of the local energy sector. Nothing is further from the truth. It should not be lost that the success of NGC’s business model as a gas aggregator is consolidating gas supply from multiple sources and selling on to the downstream customers, thereby mimimising the exposure of the downstream to merely one source of gas and ensuring commodity-linked pricing of both the upstream and downstream allows companies to benefit from cheaper natural gas when commodity prices are depressed.
Importing Gas… Not as Simple as it Sounds
