Media Release: NGC & bpTT – New Gas Supply Agreement

Mar 31, 2017 | Business and Business Development, Upstream Ventures and Development

Media Release: NGC & bpTT – New Gas Supply Agreement

NGC Chairman Gerry C Brooks is pleased to announce that the NGC Team has substantially completed negotiations on a new supply agreement which would support the sanction of the Angelin project. BP proposed to invest US$5B in future development which will greatly assist in the alleviation of the gas shortage situation. With NGC President, Mark Loquan, both advised that Angelin will build upon recent game-changing initiatives in Trinidad and Tobago, such as the Trinidad Offshore Compression (TROC), Juniper, and Dragon projects. Angelin gas development project, coupled with these projects, will stabilize gas production against projected decline.