One sentence summary – Shell has signed a long-term agreement with Trinidad and Tobago’s National Gas Company (NGC) to supply natural gas until 2036, including gas from the yet-to-be developed Manatee offshore field, highlighting Shell’s commitment to partnering with the government and supporting the growth of Trinidad and Tobago’s energy sector.
At a glance
- Shell has signed a long-term agreement with Trinidad and Tobago’s National Gas Company (NGC) to supply natural gas until 2036.
- The deal includes the supply of gas from the yet-to-be developed Manatee offshore field.
- Shell has committed to supplying at least 150 million cubic feet per day (mcfd) of natural gas to NGC from the Manatee offshore field.
- The Manatee field is part of the shared Trinidad-Venezuela Loran-Manatee discovery, estimated to hold approximately 10 trillion cubic feet (TCF) of natural gas.
- The first gas from the Manatee field is expected to be available in 2028, providing a significant boost to the region’s energy sector.
The details
Shell has signed a long-term agreement with Trinidad and Tobago’s National Gas Company (NGC) to supply natural gas until 2036.
The deal includes the supply of gas from the yet-to-be developed Manatee offshore field.
This move highlights Shell’s commitment to partnering with the Government of Trinidad and Tobago.
Under the agreement, Shell has committed to supplying at least 150 million cubic feet per day (mcfd) of natural gas to NGC from the Manatee offshore field.
The Manatee field is part of the shared Trinidad-Venezuela Loran-Manatee discovery.
This discovery is estimated to hold a substantial amount of natural gas, approximately 10 trillion cubic feet (TCF).
The government of Trinidad and Tobago has been urging gas producers to increase supplies.
This is to meet the growing demand for liquefied natural gas (LNG), the petrochemical sector, and power generation.
Venezuela’s President Nicolas Maduro has authorized Trinidad and Tobago to develop its share of the Loran-Manatee field.
This share amounts to approximately 2.7 TCF of natural gas.
The first gas from the Manatee field is expected to be available in 2028.
This will provide a significant boost to the region’s energy sector.
The Manatee field is projected to produce up to 700 mcfd of natural gas.
Of this, 550 mcfd is allocated for LNG production and the remaining gas will be sold to NGC for use in the petrochemical sector.
Shell will transport the gas to NGC’s Beachfield facility.
This will enable NGC to process the liquids derived from the Manatee field.
NGC will be responsible for payment of 50% of the contracted volume, even if it is unable to accept the daily volume.
The agreement between Shell and NGC underscores the importance of collaboration between energy companies and governments.
It also highlights Shell’s commitment to supporting the growth and development of Trinidad and Tobago’s energy sector.
This is particularly true in the areas of LNG production and the petrochemical industry.
The details of this news story have been compiled from multiple sources.
They represent a comprehensive overview of the agreement between Shell and NGC.
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| naturalgasworld.com |
|---|
| – Shell has signed an agreement to supply Trinidad and Tobago’s National Gas Company (NGC) with natural gas through 2036. – |
| The agreement includes gas from the yet-to-be developed Manatee offshore field. – Trinidad and Tobago’s government is urging gas producers to increase supplies for LNG output, petrochemical, and power sectors. |
| – Shell will provide NGC with at least 150 million cubic feet per day (mcfd) of gas from the Manatee offshore field. – |
| The Manatee field is part of the shared Trinidad-Venezuela Loran-Manatee discovery, estimated to hold 10 trillion cubic feet (TCF) of natural gas. – |
| The deal demonstrates Shell’s commitment to partnering with the Government of Trinidad and Tobago. |
| – Venezuela’s President Nicolas Maduro has authorized Trinidad and Tobago to develop its 2.7 TCF share of the Loran-Manatee field. – Manatee’s first gas is expected to be available in 2028. – Manatee is projected to produce up to 700 mcfd, with 550 mcfd going to LNG and the remaining gas being sold to NGC for the petrochemical sector. – NGC will be required to pay for 50% of the contracted volume if it cannot accept the daily volume. |
| – Shell will bring its gas to shore at NGC’s Beachfield facility, allowing NGC to process the liquids from Manatee. |
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