Shell and Trindad Gas agree on Aphrodite gas deal

An agreement has been reached between Shell and the National Gas Company of Trinidad and Tobago regarding the terms for natural gas supply from the Aphrodite field, following a dispute over pricing that delayed the project's development. Initial production is expected to commence in the second quarter of 2027, with improved terms that have increased the project's value by 400% for the National Gas Company. The aim of the agreement is to strengthen the country's gas supplies and improve the economic situation of the sector, which has been suffering from declining production and plant closures. Additionally, a deal was announced with EOG to purchase a gas share that will add 300 billion cubic feet to Trinidad's supplies, as the country seeks to offset the gas shortage by importing from Venezuela.

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