THE National Gas Company of Trinidad and Tobago Ltd (NGC) has cut its $700 million corporate social responsibility funding to instead repair roads, put medicine in hospitals, pay public servants, and look after the social net.

This is according to the NGC chairman Gerald Ramdeen, who made the comments yesterday at the signing ceremony of a gas supply contract between the State-owned company and EOG Resources Ltd at the Hyatt Regency (Trinidad), Wrightson Road, Port of Spain.

Ramdeen said, 'No one could have imagined that the NGC would return a profit that was 100% more than what was earned in ten months. And you hear people going around talking about how that was a result of Atlantic LNG and the restructuring. You know what it was about? To run the NGC before April of 2025, it used to cost the NGC $1.8 billion; under this board, this was reduced to $1.1 billion.'