An­drea Perez-Sobers

Se­nior Re­porter

an­drea.perez-sobers@guardian.co.tt

The new board of di­rec­tors has been con­firmed at the Na­tion­al Gas Com­pa­ny.

Guardian Me­dia has been re­li­ably in­formed that the di­rec­tors are at­tor­ney Ger­ald Ramdeen, Ram­nar­ine Be­dasie, Naz­im Sar­jad, Dr Ram­per­sad Moti­lal, Saman­tha Su­ru­jbal­ly, Dar­ren Mitchell, and Dr Ah­mad Khan.

It was re­port­ed by a blog­ger on Face­book that at­tor­ney Ger­ald Ramdeen was the new NGC chair­man, how­ev­er, Dr Randy Ra­mad­har Singh was con­firmed two weeks ago and giv­en his in­stru­ments of ap­point­ment.

When con­tact­ed Ra­mad­har Singh con­firmed he was in­stalled last week.

NGC sources said it is not true that Ramdeen has re­placed Ra­mad­har Singh as no for­mal no­tice has been is­sued. Chang­ing a chair­man in one month will neg­a­tive­ly af­fect stock prices on the T&T Stock Ex­change Mar­ket, the sources said.

Guardian Me­dia un­der­stands two weeks ago a cir­cu­lar went out to staff wel­com­ing the new NGC chair­man and he met with the act­ing NGC pres­i­dent Ed­mund Sub­ryan and held a meet­ing with oth­er pres­i­dents of NGC sub­sidiaries last Fri­day.

The last chair­man was Dr Joseph Ishamel Khan.

The Na­tion­al Gas Com­pa­ny and the wider NGC Group record­ed an af­ter-tax prof­it of $540 mil­lion for the nine months end­ed Sep­tem­ber 30 2024.

The com­pa­ny stat­ed that this rep­re­sent­ed a sig­nif­i­cant im­prove­ment of $1.8 bil­lion from the re­port­ed loss of $1.3 bil­lion for the year end­ed De­cem­ber 31, 2023, which was im­pact­ed by $1.8 bil­lion in im­pair­ment charges.

In 2024, NGC ac­quired a 20 per cent par­tic­i­pat­ing in­ter­est in the cross-bor­der Cocuina gas field, as well as car­ried a 20 per cent par­tic­i­pat­ing in­ter­est as a state en­ti­ty in each of the Charu­ma, Cipero, and Rio Claro on­shore blocks.