NGC Sees Downstream Opportunity
Sep 1, 2007
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 opportunities.
"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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