The National Gas Company of Trinidad and Tobago Group has recorded over a billion dollars in profit for the first six months of 2022.
With its subsidiaries, the company, showed a profit of TT$1.6 billion or a 260 percent increase over the TT$437 million profit in 2021.
The Group posted revenues of TT$16.6B, which were TT$7.1 billion over the TT$9.5 billion recorded for the same period in 2021.
The profit is attributed to the upswing in commodity prices which started in the last year.
The company said it’s encouraged by the first gas announcements from Shell for its Colibri project and De Novo for its Zandolie project.
Other projects by Touchstone and bpTT are on track to further secure supply over the coming months.