Latest news with #RoodalMoonilal
Bloomberg
02-07-2025
- Business
- Bloomberg
Trinidad Aims to Boost Gas Output With BP, Woodside Projects
Trinidad and Tobago is working to reverse a major slump in gas production and revive a key export industry in the Caribbean nation to boost its economic growth. Energy Minister Roodal Moonilal sees strong potential in the country's offshore waters at a time when auditors said more gas output must be added to satisfy demand.
Yahoo
04-06-2025
- Business
- Yahoo
Shell makes FID on Aphrodite gas project in Trinidad and Tobago
Shell Trinidad and Tobago has announced the final investment decision (FID) to commence production at the Aphrodite gas field in the East Coast Marine Area (ECMA). The move is set to enhance Shell's integrated gas business by leveraging resources in the prolific gas-producing region. Shell said: "The ECMA is currently home to Shell's largest gas-producing fields in the country including Dolphin, Starfish, Bounty and Endeavour." The field's was discovered in 2022. Once operational, the Aphrodite project will serve as a back fill for the Atlantic LNG (ALNG) plant in Point Fortin. The increased production will help maximise the potential utilisation of Shell's existing assets. Shell Trinidad and Tobago country chair and senior vice-president Adam Lowmass said: "This investment is testament to our commitment to help secure the energy future of TT [Trinidad and Tobago] on several fronts.' The development of the Aphrodite field is contingent upon receiving all necessary regulatory approvals. With an anticipated start date in 2027, the field is expected to reach peak production of around 18,400 barrels of oil equivalent per day (boepd). Shell plans to implement a new single subsea tieback to the existing infrastructure within the Barracuda subsea network for the project. The company also outlined that gas from Aphrodite will supply the domestic market via the National Gas Company, while exports for the liquefied natural gas (LNG) market will be processed through the Shell-operated Beachfield gas processing facility onshore. Moreover, Shell aims to reinforce its leading position in the LNG sector, targeting a growth in sales of 4–5% per annum up to 2030. The company's LNG Outlook 2025 suggests that Aphrodite's potential is further bolstered by the expected 60% increase in LNG demand by 2040, driven by economic growth in Asia. Trinidad and Tobago Energy Minister Roodal Moonilal was quoted by Trinidad and Tobago Newsday as saying: 'We are pleased that Shell has progressed the Aphrodite project to FID. We are also pleased with the stated timeline of the project, which aims to realise first gas by 2027 at a rate of approximately 107 million cubic feet per day. "This new natural gas development project is important as it helps counter declining production from the maturing reservoirs in the Shell-operated ECMA. The ministry, in its role as regulator, will work with Shell to ensure the safe and timely completion of this project." "Shell makes FID on Aphrodite gas project in Trinidad and Tobago" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
