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The National Gas Company of Trinidad and Tobago Limited (NGC) is a state-owned natural gas company. It was created by the Government of Trinidad and Tobago in 1975. NGC operates in the field of gas pipelines, industrial sites, gas production, port and marine infrastructure, natural gas liquids and liquefied natural gas. It has assets worth $43 ...
In November 2011, the OECD removed Trinidad and Tobago from its list of Developing Countries. [3] Trinidad's economy is strongly influenced by the petroleum industry. Tourism and manufacturing are also important to the local economy. Tourism is a growing sector, although not as proportionately important as in many other Caribbean islands.
It was founded on January 11, 2005, but the inaugural Board was appointed on 22 March 2005. It is carrying out infrastructure projects that form Vision 2020, which is a plan created by the government, to achieve first world status, by the year 2020.
The Atlantic LNG project was started by Cabot LNG (now Suez) in 1992. In 1993, Cabot LNG, National Gas Company of Trinidad and Tobago, Amoco and British Gas plc signed the Memorandum of Understanding, and launched a feasibility study of the project. The Atlantic LNG company was formed in July 1995. general Construction of the first train ...
The company, the Trinidad-Tesoro Petroleum Company Ltd, was a partner in a joint venture with Tesoro Corporation, and was formed to acquire the assets of British Petroleum as it exited operations in the Caribbean. (The government bought out Tesoro in 1985, and changed the name of the company to Trinidad and Tobago Petroleum Company Ltd ...
60% of the company is jointly owned by the United States companies Beowulf Energy LLC and First Reserve Energy International Fund. Rest is owned by the Trinidad and Tobago companies Guardian Holdings (15%), Unit Trust Corporation (15%), and the National Gas Company of Trinidad and Tobago (10%). [6]
Trintopec was formed in 1985 when the government purchased the interests of Trinidad Tesoro, a joint venture between the government and Tesoro Oil Company, which was created to purchase the assets of British Petroleum (BP) in 1969. Trinmar was formed when the government purchased the offshore exploration assets of Trinidad Northern Areas ...
Trinidad and Tobago has been involved in the petroleum sector for over one hundred years. There has been considerable oil and gas production on land and in shallow water, with cumulative production totaling over three billion barrels of oil. Trinidad and Tobago is the largest oil and natural gas producer in the Caribbean.
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