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Companies

National Gas Company of Trinidad and Tobago Limited

BACKGROUND:

The National Gas Company was established in 1975 and plays a key role in the development of the natural gas based energy sector.

CORE BUSINESS

  • Gas Transmissions and Distribution
  • Gas Purchase

CORPORATE FINANCIAL PERFORMANCE

NGC has always made a profit since its establishment. NGC currently maintains the following Investment Quality Ratings:

  • BBB+ – Standard and Poors
  • A3 – Moody’s
  • AAA – CariCRICS

National Energy Corporation

National Energy Corporation of Trinidad and Tobago Limited (National Energy) is a wholly owned subsidiary of The National Gas Company of Trinidad and Tobago Limited (NGC). The company was incorporated in 1979 and was known as the NEC until it rebranded to National Energy in 2013.

National Energy is currently responsible for the conceptualization, promotion, development, and facilitation of sustainable energy based and downstream industries locally and internationally. The company executes its mandate through the:

  • Identification and development of new industrial estates and ports
  • Ownership and operation marine and other infrastructural assets to facilitate all energy and logistics related activity
  • Operations of towage and harbour assets
  • Sustainable management of the environment

National Energy also acts as an investment facilitator and investment promotion agency for energy based and sustainable energy projects both locally and regionally.

In 2022, the company’s mandate was expanded to include the export promotion of energy services under the direction of Ministry of Energy and Energy Industries.

National Energy’s Operating and Infrastructure Assets include:

Tugs and Workboats

  • Eight tugs, one passenger launch and one fast crew supply vessel

Piers & ISCOTT Dock

  • Six multi-purpose piers
  • Iron and Steel dock

 Ports

  • Port of Galeota
  • Port of Brighton (jointly owned with La Brea Industrial Development Company Limited -LABIDCO)

Estates

  • Union Industrial Estate
  • Point Lisas (South and East)

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Petrotrin

BACKGROUND:

Petrotrin is the only fully integrated oil company in Trinidad and Tobago involved in exploration and production on-shore and off-shore, refining, marketing and storage.

PERFORMANCE:

  • Recurrent expenditure is increasing due to increase in wages owing to a large workforce. Materials and contract costs are increasing due to inflation.
  • Contribution to Government revenue is proportional to the Company’s net income and averages approximately 60% for the period 2002 – 2006.
  • The value of assets are also increasing due to improvement in working capital and sound debt management.
  • Oil and gas production profile increased between 2002 – 2006. Overall, land and Galeota production declined but Joint Venture production increased.

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The Trinidad & Tobago National Petroleum Marketing Company Limited

BACKGROUND:

Established in 1972 when service stations were required from BP, ESSO, SHELL and TEXACO. The Trinidad & Tobago National Petroleum Marketing Company Limited is the most diversified petroleum marketing company in the English-speaking Caribbean.

CORE BUSINESS

  • NP markets:
    • Petroleum fuels
    • Lubricating Oils and Greases
    • Liquefied Petroleum Gas and Compressed Natural Gas
    • Bituminous Products and Automotive Specialty Products
  • NP possesses the largest service station network in Trinidad and Tobago, from its Blending Plants come Lubricating Oils, Greases, Brake Fluid and Radiator Coolants.
  • They also deliver Marine bunkering and Aviation re-fulling at our facilities in both Trinidad and Tobago and in Dominica

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Lake Asphalt of Trinidad and Tobago (1978) Limited

BACKGROUND

Lake Asphalt is engaged in the mining, processing and marketing of Trinidad Lake Asphalt or Dried Asphalt which is extracted from the Pitch Lake in La Brea, Trinidad.

CORE BUSINESS

Mining, processing and distribution of asphalt and asphalt products in the local, regional and international markets. In addition, the company manufactures and markets Cationic Bitumen Emulsions and a range of industrial coatings and paints marketed under the Brand name – LASCO

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Trinidad & Tobago Electricity Commission

BACKGROUND

T&T.E.C. is the sole electric utility in the twin island Republic and is responsible for the design, construction, operation and maintenance of the country’s electrical transmission and distribution network.

OVERVIEW OF GENERATING CAPACITY

  • Approximately 1600 MW of capacity
  • 260 MW Steam
  • 1131 MW Gas Turbine
  • 196 MW Combined Cycle
  • 21 MW Diesel (Tobago)

Transmission and Distribution

  • 310 km of 132 kV Lines
  • 485.8 km of 66 kV Lines
  • 475.9 km of 33 kV Lines
  • 6,280.0 km of 12 kV Lines

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