Point Lisas Nitrogen Ltd. (PLNL), an ammonia producer co-owned by CF Industries Holdings Inc. and Koch Fertilizer LLC, reached a new natural gas sales agreement with the National Gas Co. (NGC) of Trinidad and Tobago, according to an Oct. 4 statement on NGC’s website.
“PLNL welcomes the timely execution of this Gas Sales Contract, which represents a new chapter in the life of the company,” said Fitzroy Harewood, PLNL President. “As a downstream operator with a long-standing presence on the Point Lisas Industrial Estate, this opportunity to continue operations is a testament to the hard work and dedicated efforts of PLNL’s employees over the years.”
“On behalf of PLNL, I extend thanks to the team at NGC for their professionalism and flexibility throughout these negotiations and we look forward to continuing this collaboration in the years ahead,” Harewood said.
“NGC is keenly aware of its responsibilities in the domestic energy landscape, both as gas supplier to the downstream sector and as the state entity charged with creating value for country from our natural gas resources,” said NGC President Mark Loquan.
“Achieving the right balance and ensuring we can satisfy the demands of all our stakeholders requires open discussion, flexibility, and a constant focus on the big picture,” Loquan continued. “I wish to thank the teams at PLNL and NGC for their equal dedication to the process and the achievement of a favorable outcome. We look forward to nurturing this relationship for a sustainable domestic energy sector future.”