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CCNTV6
  • 6 hours ago
The chairman of the State-owned National Gas Company says it has signed a non-disclosure agreement with Nutrien as they are continuing talks about the possible resumption of Nutrien's nitrogen operations in this country.

This, as the NGC's chairman gave an update on efforts to improve local natural gas supply in response to a question from TV6 News at media conference at the Hyatt Regency today.

Juhel Browne reports
Transcript
00:00Is progress being made by the National Gas Company of Trinidad and Tobago, the NGC,
00:05to help Nutrien resume its nitrogen operations in Trinidad and Tobago?
00:10NGC Chairman Gerald Ramdean provided his latest update in response to questions from the media on Tuesday.
00:16We have ongoing negotiations with Nutrien that are at a very critical and very sensitive stage
00:26that I wouldn't want to say anymore because I think only earlier this week
00:32we signed a non-disclosure agreement to carry our discussions forward in relation to that.
00:39On October 23rd of last year, 2025, Nutrien confirmed to TV6 News
00:43that it had safely shut down its nitrogen operations in Trinidad and Tobago,
00:48citing challenges including US$28 million in unilateral and retroactive port access fees
00:54as well as the absence of a reliable and economically sustainable natural gas supply.
01:00Last month, Chairman Ramdean told TV6 News that Nutrien had written to the NGC and asked for a meeting.
01:07As March draws to a close, the NGC's chairman seemed optimistic.
01:12The NGC has been pursuing its discussions with Nutrien in a manner that is expected to bring
01:22great benefit to the people of this country.
01:26I don't want to say anything more than that.
01:28TV6 users sought for the details about efforts by the government
01:31to address the long-standing shortfall in local natural gas supplies
01:36given the role of the state-owned NGC and its subsidiaries.
01:40The one thing that the NGC board, the new NGC board, the new PPGPL board has done
01:48is to place an emphasis on securing as much gas as we can supply, as we can purchase from the
01:56upstream.
01:57But more than that, you will see things happening, which I don't want to disclose now,
02:02you will see things happening within the next two to three weeks
02:07that will demonstrate the difference in policy of the management of the energy sector
02:14under this administration and under the administration before.
02:18The NGC purchases natural gas from upstream multinationals such as BP and Shell
02:23and then sells that gas to downstream operators such as the petrochemical plants in Point Lisas
02:28and the Atlantic LNG facility in Point 14.
02:32Jewel Brown, TV6 News.
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