NGC, CNC Gas Agreement Imminent
The National Gas Co. of Trinidad and Tobago Ltd. (NGC) and Caribbean Nitrogen Co. Ltd. (CNC) have announced that they have reached agreement on the key commercial terms of a gas supply agreement. The companies are in the process of formalizing the required legal agreement and it is expected that this will be done imminently.
NGC shut off gas to CNC’s 650,000 mt/y ammonia plant back in January after several months of negotiating a new gas contract.