Thursday 3rd August 2006

 

NGC joins Caribbean gas pipeline project

 
 
 
 
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Trevor Boopsingh, Chairman of the Board of the Eastern Caribbean Gas Pipeline Company Ltd (ECGPC) is pleased to announce that the National Gas Company of T&T (NGC) has acquired a participating interest in the export gas pipeline to be installed from Trinidad and Tobago to the Eastern Caribbean islands of Barbados, St Lucia, Dominica, Martinique and Guadeloupe.

Frank Look Kin, President of NGC says “This acquisition is an example of an opportunity that makes commercial and strategic sense for NGC as we continue to broaden our involvement in the regional natural gas transportation sector.”

Boopsingh, speaking on behalf of ECGPC’s shareholders welcomed NGC as a new partner in the project and stated that he looked forward to benefiting from NGC’s experiences, knowledge and relationships that will contribute to the successful implementation of this regionally beneficial energy infrastructure project.

ECGPC is developing the Eastern Caribbean gas pipeline, a US$550 million project, to deliver natural gas from T&T to Barbados, St Lucia, Dominica, Martinique and Guadeloupe, primarily for electric power generation. The other shareholders in ECGPC are Guardian Holdings Limited, Trinidad and Tobago Unit Trust Corporation and Intra-Caribbean Gas Pipeline Company Ltd.

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