NGC signs gas deal with Touchstone

The National Gas Company TT (NGC) signed on to multiple deals with other energy companies for exploration and supply purposes. 

In separate releases, NGC announced that it will engage in a supply deal with Primera Oil and Gas Ltd, and memorandum of understanding for exploration in TT waters and possibly even further, with Trinity Exploration and Production. 

NGC said their gas supply deal is with a subsidiary of Touchstone Exploration, and the deal was signed last week. Paul Baay, CEO of Touchstone said the agreement will provide a stable multi-decade revenue stream for their company and NGC president, Mark Loquan said the deal signaled an important milestone in TT’s gas story. 

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

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