The Na­tion­al Gas Com­pa­ny of Trinidad and To­ba­go Lim­it­ed (NGC) has fi­nalised a ma­jor Gas Sales Con­tract (GSC) with Methanol Hold­ings (Trinidad) Lim­it­ed (MHTL), the largest methanol pro­duc­er on the Point Lisas Es­tate. Signed on Tues­day at NGC’s Point Lisas head­quar­ters, the agree­ment marks the suc­cess­ful con­clu­sion of 100 per­cent of NGC’s gas con­tract re­newals with down­stream cus­tomers and Pro­man Group com­pa­nies.

The deal comes on the heels of re­cent­ly se­cured sup­ply agree­ments for Pro­man’s am­mo­nia plants, Caribbean Ni­tro­gen Com­pa­ny Lim­it­ed, and Ni­tro­gen (2000) Un­lim­it­ed. Un­der the new con­tract, NGC will sup­ply nat­ur­al gas to sup­port MHTL’s ex­ten­sive methanol op­er­a­tions, bol­ster­ing an in­dus­try that re­mains crit­i­cal to na­tion­al em­ploy­ment, for­eign ex­change earn­ings, and eco­nom­ic de­vel­op­ment.

En­er­gy of­fi­cials not­ed that the con­tract re­new­al sig­nals re­newed con­fi­dence from petro­chem­i­cal pro­duc­ers in NGC’s man­age­ment of the coun­try’s gas sup­ply.