NGC Sees Downstream Opportunity
Trinidad and Tobago's National Gas Company is developing new markets and predicts growth in pipeline projects. It is not planning to raise any new funds this year.
National Gas Company (NGC), the dominant gas merchant in
Trinidad and Tobago, is a major producer of government revenues
and a favorite with international investors. The firm is upbeat
about the business environment and in particular infrastructure
"We have several large scale pipeline infrastructure
projects on the way," Daniel Sankar, vice president of finance
and information management at NGC, tells LatinFinance, adding
that there is more growth in the downstream sector for the
firm. NGC is primarily a gas merchant, but it is also involved
in expanding the distribution network. It is building a
pipeline on the east coast of the island that is due for
completion in September.
NGC sells roughly three billion cubic feet a day of natural
gas, a figure that Sankar expects will be sustained into 2008.
All of this is bought to be sold on "take or pay" contracts,
and roughly 60% as liquefied...
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