The National Gas Company of Trinidad and Tobago Ltd (NGC) has redirected approximately $700 million previously allocated to corporate social responsibility (CSR) initiatives, with funds now expected to support broader state priorities such as road repairs, healthcare supplies, public sector wages, and social welfare programmes.
The disclosure came from NGC chairman Gerald Ramdeen during a gas supply contract signing between the state-owned company and EOG Resources Ltd. The event was held at the Hyatt Regency Trinidad.
Ramdeen said the company’s financial performance had significantly improved, noting that profits had doubled compared to figures recorded over a ten-month period. He attributed this not to external factors such as developments involving Atlantic LNG, but to internal operational changes implemented after April 2025.
According to Ramdeen, NGC’s operational costs were reduced from $1.8 billion to $1.1 billion under the current board. He also addressed public criticism over cuts to cultural sponsorships, including support for tassa and steelpan events, which previously formed part of the company’s CSR spending.
He said the decision to scale back those contributions—amounting to $700 million—was necessary to allow the company to return greater value to its shareholders. Those funds, he added, would now be redirected toward national needs, including infrastructure, healthcare, and social support systems.
Ramdeen maintained that the improved financial position of the company was the result of a shift in management approach rather than external restructuring within the energy sector.
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