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Free AccessShell to Proceed with Trinidad’s Manatee Gas Project: Reuters
Shell has decided to proceed further with the development of the Manatee gas field in Trinidad as it looks to strengthen its LNG business, Reuters said,
- The gas field will allow Shell to expand its integrated gas unit by building on development efforts in the East Coast marine area.
- The Manatee field is part of the cross-border Loran-Manatee discovery, shared by Trinidad and Venezuela. It holds around 10 Tcf of natural gas, 7.3 Tcf on Venezuela’s side and 2.7 Tcf on Trinidad’s side.
- The gas field will provide backfill for Trinidad’s Atlantic LNG facility as it aims to grow its LNG business by 20-30% by 2030 from 2022 levels.
- LNG liquefaction volumes are planned to grow by 25-30%.
- Manatee is set to start production in 2027 and once online it will reach a peak production of 104k boe/d.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.