The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited (NewGen) have deepened their partnership to cooperate on the enabling of a sustainable  hydrogen economy for the energy sector of Trinidad and Tobago. On August 4th 2022, both  companies signed a non-binding Heads of Agreement (HOA), which outlines the framework  for the establishment of Binding Definitive Agreements between the relevant parties, once  acceptable terms can be reached.  

The HOA follows the signing of a Letter of Intent in May 2022, which expressed NGC’s  intention to work collaboratively with NewGen to further evaluate the development of  NewGen’s hydrogen production facility. This evaluation has rapidly progressed, and the signing of this HOA includes the commitment from NGC and NewGen to jointly establish  working teams that will now engage key related public and private stakeholders in this  ground-breaking project development of a cleaner energy supply for Trinidad and Tobago.  

The HOA is a further milestone that advancesthe country’s transition to a lower carbon future  through low-carbon and green hydrogen production. It is the next key step in the progression  of the development of the $250M USD NewGen hydrogen production facility in Point Lisas.  

Noting the significance of the HOA, NGC President Mark Loquan commented, “The NGC  Group has been progressively demonstrating its commitment to lead the energy sector of  Trinidad and Tobago into the new energy future. NGC is committed to collaborating with  NewGen and all critical stakeholders in developing a low carbon future. We are well 

positioned to support the country’s pursuit of a greener hydrogen economy, in a similar role that NGC played in the establishment of T&T’s existing world class hydrogen economy with  natural gas. Agreements such as this HOA with NewGen Energy, coupled with the right  partnerships, frameworks, and policies, has the ability to launch Trinidad and Tobago into a  position of global leadership in clean energy.”

“NewGen is delighted that our partnership with NGC continues to progress apace,” said Philip  Julien, Chairman of NewGen. “We are confident that our continued collaboration with NGC will lead to a further acceleration of the provision of Greener Hydrogen to Trinidad and  Tobago, and that the NewGen Project is advanced towards a final investment decision consideration as soon as possible. We look forward to engaging with NGC and all relevant  stakeholders, as we collectively contribute to the transition and decarbonisation of Trinidad  and Tobago’s energy sector.”

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