NGC,
Essar sign gas supply contract
Trinidad Express
Port
Spain
Petroleumworldtt.com
05 27 07
The National Gas Company of Trinidad and Tobago
Limited (NGC) has signed a long-term gas supply
contract with Essar Steel Caribbean Limited (Essar
Steel) for the supply of 140 million cubic feet
per day of natural gas. The contract was signed
by Frank Look Kin, President, NGC and PR Dhariwal,
Managing Director, Essar Steel.
This contract will represent a doubling of existing
gas utilisation by the iron and steel sector. The
additional gas sales will increase NGC's gas sales
volume by about eight per cent with plant start
up in 2009.
During the contract term, NGC will supply Essar
Steel with natural gas to their iron and steel
complex which will be located on a 200-hectare
site on the South East extension of Point Lisas
Industrial Estate. Annual production will include
4.5 million tonnes of pellets, 3.0 million tonnes
of hot briquetted iron and 2.5 million tonnes of
hot rolled coils. In addition, the end product
of flat steel will be available for use by other
local downstream industries.
Construction of the complex is expected to begin
this year at a cost of US$1.7 billion.
Trinidad
Express
Wednesday, May 23rd 2007
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