The National Gas Company of Trinidad and Tobago Limited (NGC) continues to move forward with its green initiatives through expansion of its energy portfolio and is creating value for the Company and Trinidad and Tobago, marking a major development in its growth and investment strategy.
On 21 st December 2021, NGC’s wholly owned subsidiary, NGC Petrochemicals Limited (NPL), signed a term sheet with Gulf Coast Methanol 1 LLC and its parent company, IGP Methanol LLC to purchase blue methanol from IGP’s Gulf Coast Methanol Park (GCMP) project. The parties will now seek to conclude negotiations on the final agreed terms. The term sheet represents a significant milestone in NGC’s energy marketing and trading portfolio as it allows the Company to expand its international methanol trading footprint as an integrated energy player focused on improving its carbon footprint. NGC continues to forge strong linkages and establish partnership in international markets.