NGC, NewGen sign HoA for hydrogen partnership

The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited (NewGen) have deepened their partnership to cooperate on the enabling of a sustainable hydrogen economy for the energy sector of Trinidad and Tobago.In a statement NGC said on August 4, 2022, both companies signed a non-binding Heads of Agreement (HOA), which outlines the framework for the establishment of Binding Definitive Agreements between the relevant parties, once acceptable terms can be reached.NGC said the HOA follows the signing of a Letter of Intent in May 2022, which expressed NGC’s intention to work collaboratively with NewGen to further evaluate the development of NewGen’s hydrogen production facility.”This evaluation has rapidly progressed, and the signing of this HOA includes the commitment from NGC and NewGen to jointly establish working teams that will now engage key…

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