A PROUD outgoing chairman of the National Gas Company of TT Ltd (NGC), Joseph Ishmael Khan, said he expects the company will continue to grow from strength to strength – adding value to TT’s energy sector in the future – as it approaches 50 years in the industry.
Khan was appointed to NGC's board of directors in 2022 and made chairman in October of that year.
He resigned from NGC, effective May 9. His resignation was reported on the TT Stock Exchange’s website on May 12 in a notice of material change.
"I feel good. I feel as though these three years have been well spent, and I think as a company, NGC can only get better," he said in conversation with Business Day on May 14.
"Over the last three years, the board, management and leadership of NGC worked collaboratively and collectively to navigate the complexity of the energy sector.
"NGC’s strategy in terms of working throughout the value chain has significantly added value to the country. The team within the group worked extensively and was able to achieve significant milestones, not just locally but regionally and internationally."
He also commended NGC's staff, who added their expertise and commitment to delivering in all aspects of the company’s operations.
An impactful journey
Khan was at the helm of NGC as the company navigated significant milestones and challenges over the past three years, taking the company from a natural gas aggregator to an energy powerhouse in hydrocarbons and renewable energy.
Among those was the formation of NGC Green, which was changed from NGC CNG in November 2023.
NGC was a major partner in the construction of the Brechin Castle Solar Farm. BpTT and Shell broke ground on the construction site in April 2023.
The solar project, expected to be completed in 2025, promises to provide about 122 MWp of renewable energy. NGC has a 30 per cent stake in the project.
NGC Green was given a mandate to expand and accelerate the group’s pursuit of local, regional and international opportunities around clean and renewable energy, energy efficiency, sustainable transportation, alternative fuels and research and development.
In 2023, Atlantic LNG (ALNG) also completed the restructuring of its commercial regime on the four natural gas liquefaction units or "trains", which effectively boosted the country’s stake in the LNG business and increased its equity share in the company.
[caption id="attachment_1155202" align="alignnone" width="540"] NGC chairman Dr Joseph Ishmael Khan.-[/caption]
Between 2023 and 2024, NGC also expanded its interest in upstream exploration and production, completing the acquisition of Heritage Petroleum Co Ltd’s participating interest in onshore blocks NCMA 4, block 22 and block nine in Trinidad’s north coast marine area.
NGC now has a 20 per cent stake in NCMA 4, a ten per cent stake in block 22 and a 100 per cent stake in block nine.
In 2024, NGC Green launched a new CNG station at the Cove Industrial Estate in Tobago.
The station is the first public supply point on the island and the 13t
