Jan 24, 2018
NGC advises that effective Wednesday 24th January 2018, the Gas Sales Agreement between The National Gas Company of Trinidad and Tobago Limited (NGC) and Caribbean Nitrogen Company (CNC), has expired.
Regrettably, and despite NGC’s best efforts, no agreement was reached with CNC on this matter. NGC will continue to exert all reasonable efforts to try to secure a mutually-acceptable agreement. These efforts are predicated on the new reality of higher gas acquisition costs and the need for improved efficiencies across the value chain.