The National Gas Company of Trinidad and Tobago Limited (NGC) has published its 2021 Annual Report, which presents the consolidated financial performance of The NGC Group for the period January to December 2021.
The NGC Group of Companies recorded a profit of TT$2.6B for the financial year ended 31 December 2021, representing a strong recovery over the loss of TT$2.1B recorded in 2020. The Group’s revenues of TT$23.6B were TT$12.2B greater than revenues of TT$11.4B for the year 2020.
The rebound in commodity prices in 2021 positively impacted revenues, with prices for ammonia, methanol, liquefied natural gas (LNG) and natural gas liquids (NGLs) being 190%, 92%, 911% and 112% higher respectively. Moreover, exceptional items recorded in 2020 did not impact the organisation in 2021.