PORT OF SPAIN, Feb. 21 -- Trinidad and Tobago's National Gas Co. Ltd. (NGC) has signed agreements with three producers for an additional supply of 550 MMcfd of gas starting in 2009.
The agreements were signed with BG Group and BHP Billiton, each of which will sell 220 MMcfd of gas, and with EOG Resources Inc. for 110 MMcfd.
The agreements will increase NGC's gas supplies to more than 2.1 bcfd by 2010.
BHP Billiton will provide the gas from its greater Angostura oil field, which has more than 1.5 tcf of gas and produces 40,000 b/d of oil.
EOG's gas will come from its Toucan gas field on Block 4(a). BG will supply gas from its East Coast Marine Area, where more than 3.5 tcf has been discovered.
With the exception of gas sold to Atlantic LNG, all of the gas for Trinidad and Tobago's petrochemical and steel plants are transported by NGC.
Trinidad and Tobago Energy Minister Lenny Saith said the agreement would allow the Caribbean government to proceed with more than $8 billion worth of projects, including an ethylene complex, two aluminum smelters, another steel plant, and petrochemical plants.