NGC Secures Two-Year Gas Supply Contract with EOG Resources Amid Criticism from Former Energy Minister
The National Gas Company (NGC) has signed a two-year natural gas supply contract with EOG Resources, securing gas for the company's key downstream sectors. The agreement was finalized eight months ahead of schedule, reflecting the efficiency and strength of NGC's long-standing relationship with EOG.
NGC Chairman Gerald Ramdeen stated that the early completion of the contract demonstrates the company's negotiating strength in a competitive market. He noted that all natural gas under the agreement is produced within Trinidad and Tobago's jurisdiction.
Ramdeen emphasized that NGC's mandate is to secure supply for power generation, petrochemicals, LNG obligations, and large industrial customers. However, his approach has been criticized by former Energy Minister Stuart Young, who accused Ramdeen of mismanaging the sector and prioritizing exports over domestic needs.