Shell and Trinidad Agree on Aphrodite Gas Supply Terms
Royal Dutch Shell (SHEL) has reached an agreement with Trinidad and Tobago’s National Gas Company (NGC) regarding the supply terms for natural gas from the offshore Aphrodite field. The deal resolves a long-standing dispute over pricing, which had previously delayed project progress. NGC's chairman confirmed to Reuters that the resolution clears the way for moving forward with development plans. The Aphrodite field is one of Trinidad and Tobago’s key energy projects, and resolving supply terms was critical for its advancement. The agreement signals improved cooperation between international oil companies and local stakeholders in the region. It also supports Shell's broader strategy to expand natural gas production amid growing global demand for cleaner-burning fuels. The resolution could have a positive impact on Trinidad and Tobago’s energy sector by accelerating Aphrodite field development, potentially boosting domestic supply and export capabilities.
Tickers: $SHEL
Topics: energy supply agreement international energy project natural gas