Media Release

NGC Chairman Dares Business Leaders to be Transformative!

4th July, 2018
Delivering a powerful address on the need to transform, NGC Group Chairman, Gerry C. Brooks, shared an energy sector perspective, including a focus on NGC repositioning its business in the context of a changing regional and global ecosystem. Mr. Brooks was part of a distinguished panel of guests including Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry, at the Trinidad and Tobago Chamber Industry and Commerce’s (TTCIC) Business Outlook breakfast meeting on Wednesday 27th June.

With a focus on energy and the economy the NGC Chairman emphasised that there are green shoots of growth in our economy underpinned by a rebound in the energy sector. That rebound is being propelled by increased production of natural gas which is projected to increase to 3.8bcf in 2018, 3.9bcf in 2019 and 4.05 bcf in 2020. This enhanced production is being supported by improved pricing for ammonia, methanol and LNG from the nadir (lows) of 2016. This augers well for foreign direct investment (FDI) improvements, USD earnings, and a trickle-down effect through the economy. Increased income from the new royalty gas will also supplement both GDP ad USD earnings in 2018 and beyond.

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PhotoL to R: Mr. Reyaz Ahamad, Senior Vice President – TTCIC; Mr. Travis Ali, Executive Director- Advance Foam Limited; Mr. Nigel Edwards, Executive Director – Trinidad and Tobago Unit Trust Corporation; Mr. Ronald Hinds, President – TTCIC; Senator the Honourable Paula Gopee-Scoon – Minister of Trade and Industry; Mr. Gerry C. Brook, Chairman – NGC Group; Mr. Gabriel Faria, CEO – TTCIC.