In a sharply worded statement issued January 2, Trinidad and Tobago’s National Gas Company (NGC) has accused Canadian fertilizer giant Nutrien of holding the nation “to ransom” by deliberately shutting down operations despite government efforts to maintain its presence. The NGC asserts that Nutrien’s closure decision stemmed exclusively from profit-maximization motives rather than legitimate operational constraints.
The controversy emerged following criticism from former Energy Minister Stuart Young, who blamed the current administration for the plant shutdown that will eliminate hundreds of jobs. The NGC responded by detailing how Nutrien had rejected multiple compromise proposals while attempting to secure favorable long-term gas contracts and maintain legacy port rates.
According to the state company, the dispute originated from Nutrien’s resistance to updated pier user charges at Savonetta and concerns about natural gas supply reliability. The Canadian company, which produced approximately 85,000 tonnes of ammonia and 55,000 tonnes of urea monthly from its Trinidad facility, ceased operations in October after negotiations stalled.
The NGC revealed that during five separate negotiation sessions, Nutrien representatives threatened to launch a public relations campaign portraying the company as a victim of government pressure. In one particularly contentious incident, National Energy officials were served with an injunction application while en route to what was supposed to be a good-faith negotiation meeting.
Countering Young’s allegations, the NGC statement highlighted that the previous administration had allowed pier user contracts to expire without renewal since 2018, resulting in over $500 million in lost revenue. The former administration also waived $14.35 million in “take or pay” liabilities owed by Nutrien in August 2024 and permitted downstream companies to manipulate payment terms, creating a de facto $160 million overdraft facility.
The gas company emphasized that most petrochemical producers in Point Lisas Estate do not repatriate US dollar revenues to Trinidad, instead maintaining foreign accounts in financial hubs including New York, London, Zurich, and Brussels. Despite Nutrien’s departure, NGC has successfully reallocated the gas supply to other downstream customers and fulfilled its Atlantic LNG commitments, generating significant financial benefits for the nation.