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National Energy has rejected blame for Nutrien’s shutdown of its Trinidad operations, saying the decision “is not one for which any responsibility can be ascribed to National Energy or NGC.”
In a detailed statement, the company said that when current officials assumed office, they found several expired or neglected Pier User Agreements that allowed companies, including Nutrien, to pay “peppercorn legacy rates” for years, costing taxpayers over $500 million. It said Nutrien’s 2006 agreement expired in December 2020, yet the company “demanded a rate lower than that which they enjoyed for the previous 15 years.”
National Energy said it proposed new port and pier fees ranging “from US$0.02 to US$2.00 per metric ton of product,” at a time when ammonia prices were approximately US$545 per metric ton. It explained that the National Energy Board made its proposal “in good faith to provide the parties with a suitable foundation to engage in and agree upon new terms and conditions, thereby allowing Nutrien to continue operations, service its customers and retain its employees.”
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