THE National Gas Company (NGC) may be able to offer “more favourable” gas contract terms to manufacturers after finalising three upstream supply agreements with Perenco yesterday, chairman Gerald Ramdeen has said.

NGC, earlier this year, increased natural gas prices for light industrial customers, or non-energy manufacturers, from US$3 to US$5.30 per MMBtu, a move that triggered backlash from sections of the manufacturing sector over rising production costs and competitiveness concerns.

Ramdeen yesterday defended the decision.