00:00Prime Minister Kamala Passat-Bissessa on Friday announced the billions of dollars in profit recorded by the National Gas Company
00:07of Trinidad and Tobago for the year ended 2025, saying when NGC performs well, Trinidad and Tobago performs very well.
00:17And so it is a great sense of pride and a sense of accomplishment that I announced today that the
00:24National Gas Company has reported a profit after tax for the year ended 31st December 2025 of $3.285 billion.
00:36The highest profit, as I say, recorded by NGC in 11 years.
00:43This is double the profit of the previous year.
00:47What they could not have done in 10 years, we have done in 10 months.
00:54She says it is important to remember how NGC performed under the previous administration.
01:00Over the past decade, under the PNM administration, NGC recorded losses in two out of the last five years.
01:09The day on that side when they govern.
01:12The NGC recorded an after-tax loss of $2.1 billion for the year ended 35th December 2020.
01:21And again in 2023, the NGC reported an after-tax loss of $1.3 billion.
01:28The Prime Minister says 2025's profits show what happens when the right people are put in the right place.
01:36That our energy sector must evolve, must diversify, must compete globally in order to ensure that TND resumes its place
01:45as the energy capital of the Caribbean and Latin America.
01:49The government I lead believes in protecting national assets, strengthening governance and delivering results.
01:55However, opposition leader Penelope Beckles questioned whether or not those profits were due to the work done by the PNM
02:03in 2023 through the restructuring of Atlantic LNG.
02:07A statement from former Energy Minister Stuart Young posted to Facebook this afternoon, claims the profit in 2025 is due
02:16in part to a 10% shareholding in trains 2 and 3, which TNT didn't previously have and they negotiated
02:24for.
02:25Can the Prime Minister confirm that the record performance of which you speak is as a result of the restructuring
02:33of the Atlantic LNG under the People's National Group?
02:41What I can confirm is that a company that your government, your previous government, drove into the ground in an
02:51effort to make the rich richer, while poor people suffered, that will not happen under my work.
02:59And to answer your question, no, it is not because of anything you did in the 10 years you were
03:04there. Thank you.
03:05Cindy Raghuva Tika Singh, TV6 News.
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