MARK Loquan, President of National Gas Company (NGC), is earning $200,000 a month – and is currently renegotiating his remuneration package.
At the same time, the State enterprise is moving to send home 130 workers.
Opposition parliamentarian Dr. Roodal Moonilal made those assertions an interview, in which he also discussed NGC’s multi-million-dollar losses in the scrapped Train 1 project of Atlantic LNG.
Moonilal said several contractors have been paid a total of $200 million in the aborted Train 1 venture.
Some of those contractors are also engaged in the Tobago airport terminal project, he stated.
He called on the Government to justify the indemnification granted to NGC directors over their decision to proceed with the Train 1 project without sound technical advice.
Loquan has been president of NGC for the past five years.
He was previously chief executive of Yara Pilbara in Australia.
He had earlier held various positions in the petrochemicals industry, including the first local president of Hydro Agri Trinidad (now Yara Trinidad).
There has been no confirmation of planned job cuts at NGC.
In 2016, the company sent home 15 contract employees.
