Shell Makes Final Investment Decision on Aphrodite Gas Project in Trinidad and Tobago

Energy producer Shell has announced a positive final investment decision on its Aphrodite gas project offshore Trinidad and Tobago. The project is set to produce first gas in 2027 with a peak production of 18,400 barrels of oil equivalent per day.

Shell, a 45% shareholder in Trinidad’s Atlantic LNG plant, has been facing challenges due to a shortfall of natural gas, preventing the company from receiving its full share of LNG production from the plant. The Aphrodite gas field will serve as a backfill for the country’s Atlantic LNG facility, addressing this issue.

Despite setbacks such as the revocation of a license for the Dragon gas project in Venezuela, Shell remains committed to expanding its integrated gas business. The Aphrodite project will allow Shell to leverage existing developments in the east coast marine area, a key gas-producing region in Trinidad.

With significant gas reserves in the east coast marine area, including fields like Dolphin, Starfish, Bounty, and Endeavour, Shell is poised to enhance its gas production capabilities in Trinidad. The increased production from Aphrodite will enable Shell to maximize the utilization of its assets in the region.

Shell’s decision to invest in the Aphrodite gas project underscores its long-term commitment to Trinidad and Tobago’s energy sector. By leveraging its expertise and resources, Shell aims to contribute to the country’s energy security and economic growth.

Overall, the Aphrodite gas project represents a significant milestone for Shell and the energy industry in Trinidad and Tobago. With a focus on sustainable development and operational excellence, Shell is poised to deliver value for its stakeholders and support the growth of the local economy.

Source: Reuters/Reporting by Marianna Parraga and Curtis Williams; Editing by David Gregorio