TTNGL Summary Financial Statements
Despite a challenging year, Trinidad and Tobago NGL Limited (‘TTNGL’/’Company’) recorded an after-tax profit of TT$5.8 million for the year ended 31 December 2020. This translated into earnings per share of TT$0.04.
TTNGL’s underlying asset Phoenix Park Gas Processors Limited (‘PPGPL’) recorded average product prices and gas processing volumes which were respectively 31.1% and 16.5% lower than in 2019. NGL production for 2020 was 15.8% lower than in 2019.
MILAT Gets a Face-Lift Courtesy PPGPL
On the lush green acreage of the old Teachers’ Training College located in Mausica is the home of The Military-Led Academic Training Program- MILAT. The program recently transferred to the Ministry of Youth Development and National Service is run by the Trinidad and Tobago Defence Force. On February 22, the institution officially re-opened its refurbished dining and multipurpose hall, a main meeting place for over 100 cadets who are resident at the facility.
PPGPL Commemorates 29th Year of Production
PPGPL marks its 29th anniversary of production with hope for humanity to continue working together to fight the global coronavirus pandemic. In the twenty-nine years that the organization has been in operation, one of the tenets of its corporate social responsibility program, has been humanitarian aid and disaster relief.
Phoenix Park Gas Processors Limited (PPGPL), a member of the NGC Group of Companies joins with the world in helping to curtail the spread of COVID – 19. At the same time, we recognize that only through collective and unified action can we conquer this virus and minimize its widespread, long term impact.
PPGPL ACQUIRES US ENTITY
Phoenix Park Gas Processors Limited has announced its acquisition of a US entity. Effective February 01, 2020, PPGPL through its wholly owned US subsidiary, Phoenix Park Energy Marketing LLC, acquired the NGL marketing assets of Twin Eagle Liquids Marketing LLC. Twin Eagle Liquids Marketing LLC is a Company based in Houston, Texas, USA and is engaged in the business of marketing, trading and transportation of natural gas liquids in Canada, USA and Mexico via rail.
PPGPL HELPS DEFENCE FORCE WITH DISASTER RESPONSE EQUIPMENT
PPGPL Donates Dinghies to the TTDF. These two small water crafts will be used to rescue persons from flooded areas throughout the country. This initiative is one of many led by PPGPL, which has partnered with the TTDF to fund projects in the areas of disaster response and youth empowerment. read more.