The Na­tion­al Gas Com­pa­ny of Trinidad and To­ba­go (NGC) yes­ter­day an­nounced the suc­cess­ful ex­e­cu­tion of a new gas sup­ply agree­ment with ma­jor up­stream sup­pli­er, US en­er­gy com­pa­ny EOG Re­sources’ sub­sidiary EOG Re­sources Trinidad.

In a re­lease yes­ter­day, the NGC said, “The ex­e­cu­tion of this agree­ment rep­re­sents the con­cert­ed ef­forts of NGC to se­cure a con­tin­ued and re­li­able nat­ur­al gas sup­ply for Trinidad and To­ba­go’s do­mes­tic en­er­gy sec­tor. This mile­stone achieve­ment re­in­forces NGC’s un­wa­ver­ing com­mit­ment to ac­tive col­lab­o­ra­tion with up­stream pro­duc­ers to se­cure all com­mer­cial­ly vi­able nat­ur­al gas sup­plies.”

Chair­man of NGC, Ger­ald Ramdeen is quot­ed in the news re­lease as say­ing, “The ex­e­cu­tion of this gas sup­ply agree­ment comes on the heels of our re­cent ac­qui­si­tion of the Trinidad Re­gion On­shore Com­pres­sor (TROC) as­set. Both achieve­ments are clear in­di­ca­tions of the mul­ti­fac­eted cam­paign of work be­ing un­der­tak­en by NGC, to en­sure the com­pa­ny has ac­cess to a steady and guar­an­teed sup­ply of gas, and to re­store the sta­bil­i­ty and prof­itabil­i­ty of our core busi­ness.”

Chair­man Ramdeen said this agree­ment marked a pos­i­tive con­clu­sion to ne­go­ti­a­tions be­tween both par­ties, to bring to fruition a mu­tu­al­ly ben­e­fi­cial sup­ply agree­ment.

NGC al­so hailed the work its ne­go­ti­at­ing team, led by act­ing NGC pres­i­dent Ed­mund Sub­ryan,

The NGC said, “There is still con­sid­er­able work to be done, but we are ad­vanc­ing crit­i­cal projects and de­liv­er­ables as well as oth­er key mile­stones, with the sup­port of our Board and the Min­istry of En­er­gy and En­er­gy In­dus­tries.”

The Min­istry of En­er­gy’s last Con­sol­i­dat­ed En­er­gy Bul­letin, which is for the eight-month pe­ri­od Jan­u­ary to Au­gust 2025, re­veals that EOG Re­sources pro­duced an av­er­age of 425 mil­lion stan­dard cu­bic feet per day of nat­ur­al gas for the pe­ri­od.

That made the US com­pa­ny the third largest up­stream pro­duc­er of nat­ur­al gas in T&T for the Jan­u­ary to Au­gust 2025 pe­ri­od. The coun­try’s largest nat­ur­al gas pro­duc­er for that pe­ri­od was bpTT with an av­er­age of 1.032 bil­lion stan­dard cu­bic feet a day and Shell with 523 mil­lion stan­dard cu­bic feet per day.

With T&T’s to­tal nat­ur­al gas pro­duc­tion for the first eight months of 2025 av­er­ag­ing 2.574 bil­lion cu­bic feet per day, EOG Re­sources con­tributed 16.5 per cent of the to­tal.

The com­pa­ny, which was pre­vi­ous­ly named En­ron Oil and Gas, was found­ed in 1999.

Ac­cord­ing to its fi­nan­cial re­port for the third quar­ter of 2025, the av­er­age price of nat­ur­al gas that EOG Re­sources re­ceived in T&T was US$3.80 per mil­lion cu­bic feet com­pared to US$2.71.