corporate overview - ngc investor toolkit
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Corporate Overview The NGC Group of Companies
The NGC Group of Companies
Group Vision
To be a recognized
global leader
in the development of
sustainable energy-
related businesses
• Integrity
• Employee Engagement
• Excellence
• Safety & Environmental Preservation
• Transparency
• Customer Focus
• Corporate Social Responsibility
To create exceptional value
from natural gas and related
energy businesses through
our people and strategic
partnerships.
Group Mission
Core Values
Strategic Pillars: NGC Group
De
ve
lop
Org
an
iza
tio
n
•To match the new level of dynamism required of NGC to manoeuver in a more complex, internationally competitive arena
Se
cure
Cu
rre
nt
Bu
sin
ess
•To safeguard current business returns in challenging supply and demand environment
Gro
w L
oca
lly
& I
nte
rna
tio
na
lly
•To diversify by expanding into adjacent part of the energy value chain locally, and investing to capture value from global discontinuities
Str
en
gth
en
Na
tio
na
l C
on
trib
uti
on
•To deepen our contribution to the country through both financial and non-financial activities
o Secure gas
supply
o Contract
Optimization
o Operational
Excellence
o Geographic
Diversification
o Increase
Commodity
Trading
o Refresh Role
Mandate
o Formalize NGC
Grp Structure
to leverage
strengths
o FDI/Econ
Stimulation
o Alternative
Energy
o Lower Carbon
Footprint
o CSR
• Incorporated by GORTT in August
1975
• Start-up capital TT$80,000
• Asset base TT$46.2 B
• 100% state-owned
• Enabled development of the natural
gas sector by providing market for
upstream and downstream
industries
• Provided a market-related gas pricing
model for downstream
petrochemical customers
The National Gas Company of Trinidad and Tobago Limited (NGC)
Primary Business Activities
• Natural gas purchase from natural gas suppliers
• Natural gas aggregation
• Natural gas sales to large industrial customers and light
industrial customers (LICs)
• Natural gas transportation and distribution
• Gas transportation services to limited customers
• Ownership, operation and maintenance of 4.4 Bcf/d installed
capacity network, Approximately 608 miles (1,000 km) of
pieplines) on land and offshore
• Natural Gas Liquids (NGLs) production and marketing
• Joint venture oil and gas production and marketing
• Liquefied Natural Gas (LNG) production, marketing and
shipping
• Strong asset base of approximately US$6 billion, including
key pipeline transmission and distribution infrastructure
• A diversified Group of Companies – one of the largest
business entities in the Caribbean when measured by
assets
• International Investment grade credit rating with the
financial flexibility to pursue global growth opportunities
• High pipeline reliability and availability record through the
effective use of engineering design, construction,
maintenance and surveillance activities
• Knowledgeable and experienced staff in natural gas
purchase and sale, transportation and distribution, contract
negotiation, compression services
• Long term gas purchase and gas sales contracts with major
multinationals
• Strong Corporate Social Responsibility programme
Corporate Strengths
NGC’S SUPPLY COMMITMENTS
• 10 Ammonia Plants
• 1 Urea Plant
• 7 Methanol Plants
• 1 Ammonia Urea Melamine
(AUM) facility
• 1 Cement Manufacturing
Customer
• Over 100 Light Industrial
Customers
• 5 Power Generation Sites
• CNG
T i idad a d To ago s Natu al Gas Value Chai
T i idad a d To ago s Pipeli e Netwo k
T&T Natural Gas Consumption by Sector
2011-2016
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2011 2012 2013 2014 2015 2016
Mm
scf\
d
Small Consumers
Cement Mfg.
Gas Processing
Refinery
Iron & Steel Mfg.
Methanol Mfg.
Ammonia Deriv.
Ammonia Mfg.
Power Generation
• National Energy Corporation of Trinidad and Tobago Limited (National Energy)
• conceptualizes, promotes, develops energy-based projects and manages industrial sites, port and
marine infrastructure
• Phoenix Park Gas Processors Limited (PPGPL)
• engaged in natural gas processing and the aggregation, fractionation and marketing of Natural Gas
Liquids (NGLs) propane, butane and natural gasoline
• NGC CNG Company Limited (NGC CNG) • promotes and implements nationally. Compressed Natural Gas (CNG) as a cleaner, cheaper fuel for
the ou t s transportation sector
• Trinidad and Tobago NGL Limited (TTNGL)
• incorporated to hold 39% of the shares in PPGPL; listed on the Trinidad and Tobago Stock Exchange
following ou t s first ever energy IPO
The NGC Group of Companies
NGC is involved in activities throughout the energy value chain, through subsidiaries and investments. Its major
subsidiaries are:
NG
C G
rou
p o
f
Co
mp
an
ies:
Leg
al S
tructu
re
10
0%
1
5%
4
%
10
0%
2
0%
1
00
%
10
0%
1
00
%
TSP Asset
South-East Coast
Consortium
T&T Marine Petroleum
Co. Ltd.
83
%
NEC of T&T.
LABIDCO.
10
0%
NGC CNG Co. Ltd.
17
%
10
%
18
%
National Enterprises Ltd.
(NEL)
Eastern Caribbean Gas
Pipeline Co. Ltd.
National Helicopter
Services Ltd.
NGC Pipe-line Co. Ltd.
NGC E&P investments
(Barbados) Ltd.
NGC E&P (Barbados) Ltd.
Atlantic LNG 4
Unlimited
(Train4)
NGC E&P Investments
Ltd.
Block 3 (a)
(T&T)
Block 2 (c)
(T&T)
Phoenix Park
Gas processors
Ltd.
Atlantic LNG
Co. of T&T Ltd.
(Train 1)
20
%
Pip
elin
e
LNG
Up
strea
m A
ssets
Pro
cessin
g
Po
rts &
Infra
structu
re
CN
G
Oth
er
Th
e G
ov
ern
me
nt o
f the
Re
pu
blic
of T
rinid
ad
an
d T
ob
ag
o
Th
e N
atio
na
l Ga
s Co
mp
an
y o
f
Trin
ida
d a
nd
To
ba
go
Limite
d
T&T LNG Co. Ltd.
10
0%
6
3%
NGC E&P
Netherlands
cooperatief
U.A.
NGC NGL Co. Ltd.
T&T NGL Ltd.
51
%
80
%
NGC Petrochemicals
Downstream
Petrochemicals Research
& Development Ltd
Caribbean Gas
Chemical Ltd
10
0%
1
00
%
NGC TT LNG Ltd.
51
%
39
%
11
.11
%
10
%
37
.84
%
Op
era
ted
Co
mp
an
y
Fu
lly Ow
ne
d
Pa
rtially O
wn
ed
10
0%
1
00
%
99
.99
%
0.0
1%
20
%
Subsidiary Profiles
National Energy - Current Mandate
The conceptualization, promotion, development and facilitation of new energy-based and downstream industries in Trinidad and Tobago
Identifying and developing new industrial deep water ports to facilitate these estates
Own and operate marine and other infrastructural assets to facilitate all gas-based petrochemical and metal
plants
Development and Management of La Brea and
Union Industrial Estates
Identifying and developing new industrial estates
Towage and Harbour operations
Sustainable management of the environment
• Six (6) petrochemical piers
• Iron & Steel Dock
• Harbour, Channel & Turning Basin
Ten (10) vessels
• Eight (8) Tugs
• One (1) Passenger Launch
• One (1) Fast Crew Supply Vessel
Operating Assets
Port of Brighton, La Brea
Union Industrial Estate
Port of Galeota
Facilities Managed
Formed in 1989, operational since 1991
- NGC NGL Company Limited (51%)
- Trinidad and Tobago NGL Limited (39%)
- Pan West Engineers LLC, through a consortium comprising The National Insurance Board of Trinidad and
Tobago (NIBTT), National Enterprises Limited (NEL), and The Trinidad and Tobago Unit Trust Corporation
(UTC) (10%)
Natural gas processing, NGL aggregation, fractionation and marketing
- Forging development through energy
- Staying true to our core values
- Being a leader in the energy sector
- Creating business opportunities for sustainable growth and development for the benefit of our stakeholders
HISTORY
OWNERSHIP
CORE
BUSINESS
CORE
PURPOSE
PPGPL at a glance
Facilities Operations
Three cryogenic natural gas processing plants –
1.95 Bcf/d
P o essi g wet gas supplied NGC a d Petrotrin from offshore
fields
Two fractionation plants - 70,000 barrels / day
Residual clean dry gas, returned to NGC and Petrotrin
Six product storage tanks - 1,250,000 barrels
Fractionating NGLs from processed gas and NGLs supplied by ALNG
into propane, butane and natural gasoline
Two product loading docks - 54,000 cbm
Fractionating butane into iso-butane and normal butane
A atu al gas li uids NGLs pipeli e etwee Atla ti LNG ALNG at Poi t Fo ti , T i idad to the Point Lisas processing facilities
Marketing and sale of propane, butane and natural
gasoline
Iso-butane is supplied to Petrotrin via pipeline
Propane, butane and natural gasoline is exported
Overview of Operations
Overview of Operations
Operating Performance
PPGPL has operated at an average operational
uptime in excess of 98% since its inception
The Company has an exceptional safety record:
o U“ Gas P o esso s Asso iatio U“ GPA safety award for 16 years
o 1 lost workday case in the past 22 years
o TT OSH – National Safety Awards – Finalist in
2006 & 2007
High quality outputs:
o The propane produced meets the highest
standard (HD5) set by the US GPA
o The butane contains no olefins, a contaminant
commonly found in refinery-grade butane
o Only one valid demurrage claim incurred over
2,700 cargoes
PPGPL’s Facility
Key Marketing Strengths
Consistent supplier to key Central American markets
Consistently achieved average NGL freight on board product prices at average
premium above Mont Belvieu prices for term contracts
International reputation for rapid vessel turnaround
High customer satisfaction noted via annual customer survey:
90% in 2015
95% in 2014
94% in 2013
• NGC is mandated by the Government of Trinidad and Tobago to accelerate and
expand the use of Compressed Natural Gas (CNG) as a major alternative
transportation fuel in the country. The switch to CNG is expected to take place
in 2 phases.
• The first phase was projected to cost TT$500 million (now reduced) and
involves the construction of 22+ new or revamped CNG-only fuel stations and
conversion of 17,500+ vehicles.
• The second phase, if sanctioned, is projected to cost TT$1.57 billion for the
construction of more stations and increasing demand.
• Primary motivations are reduction of subsidy and lowered fuel prices to the
population.
NGC CNG Overview
• The vehicle market in Trinidad & Tobago for
OEM CNG vehicles is evolving quickly with
several options in various classes:
• Bi-fuel (gas and CNG) Honda City CNG
passenger vehicles available for
purchase
• First 100% CNG freightliner truck
launched in 2016 - this is the first time a
CNG freightliner truck has been
exported from North America
• 2 CNG a i-ta is o the oad, with others on the way
• 13 CNG filling stations in operation, with 13
new supply points planned for opening in 2017
• 5 mobile refuelling units to be commissioned
• 3000+ CNG vehicles estimated to be in use
CNG Campaign Progress
CNG Campaign Progress
3,344
27,407
85,348 89,615
94,096
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
2016 2017 2018 2019 2020
Target CNG Sales Volumes with NGV targets
(Diminished marketing expenses after 2018)
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