Trinidad and Tobago NGL Limited (TTNGL) is an investment holding company that is owned 75% by the public of Trinidad and Tobago and 25% by The National Gas Company of Trinidad and Tobago Limited (NGC). TTNGL’s primary asset is its 39% shareholding in Phoenix Park Gas Processors Limited (PPGPL). TTNGL’s main source of income is dividends derived from the operations of PPGPL.
PPGPL’s core business consists of natural gas processing, NGL aggregation, fractionation, and product marketing. PPGPL operates Trinidad and Tobago’s only natural gas processing and NGL fractionation plant and is the largest producer and marketer of propane, mixed butane, iso-butane, and natural gasoline in Trinidad and Tobago.
The public is advised that as a consequence of its commercial and operating structure, the performance of PPGPL will be marginally impacted should a cessation in delivered Natural Gas Liquids (NGLs) volumes from Atlantic LNG Train 1 materialise in 2020 and 2021. BPTT’s public pronouncements have not indicated any significant decline in natural gas supplies to Train 1 in 2019. Any potential decline in NGL volumes from Train 1 in 2020 and beyond (propane and butane in particular) can be substituted with NGLs derived from PPGPL’s Product Trading operations to ensure continued supply to its markets.