National Gas Company Signs Gas Contract With Trinidad Cement Ltd

• The National Gas Company (NGC) has signed a gas sales contract (GSC) with local manufacturer Trinidad Cement Ltd (TCL). The agreement will govern the sale of natural gas to TCL and represents an important step forward for both companies after an extended period of negotiations. 
• Both NGC and TCL recognised that the outcome would serve the commercial interests of all stakeholders, including the generation of foreign exchange and other economic benefits that will accrue to Trinidad and Tobago. 
• Notably, NGC’s president Mark Loquan said the current upheavals in global supply chains underscore the importance of building local industrial capacity to meet internal market demands. Therefore, the team at NGC is intent on securing the future of our downstream sector, through agreements such as this GSC with one of the company’s nation's local manufacturers. 
• It noted that TCL has been a customer of NGC for over 40 years, making it one of the wholly State-owned company's longest-standing commercial partners. This GSC signals NGC's commitment to the local manufacturing sector, which bodes well for infrastructural development in Trinidad and Tobago and the region.

 (Source: CariCris)