Shell boosts Atlantic operations
Published by Oliver Kleinschmidt,
Assistant Editor
Tanks and Terminals,
Shell Trinidad and Tobago Ltd ,a subsidiary of Shell plc, has announced that it has made a Final Investment Decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago.
Manatee will allow Shell to competitively grow its integrated gas business by building on development efforts in the ECMA, one of the country’s most prolific gas-producing areas. The ECMA is currently home to Shell’s largest gas-producing fields in the country including Dolphin, Starfish, Bounty, and Endeavour.
The Manatee gas field will provide backfill for the country’s Atlantic LNG facility. Increasing utilisation at existing LNG plants is an important lever to maximise potential from Shell’s existing assets.
“This project will help meet the increasing demand for natural gas globally while also addressing the energy needs of our customers domestically in Trinidad and Tobago,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director. “The investment bolsters our world-leading LNG portfolio in line with our commitment to invest in competitive projects that deliver more value with less emissions,” she added.
Shell plans to grow its LNG business by 20% – 30% by 2030, compared with 2022, and LNG liquefaction volumes are planned to grow by 25% – 30%, relative to 2022, as outlined at Shell’s Capital Markets Day in 2023.
Manatee is slated to start production in 2027. Once online, Manatee is expected to reach peak production of approximately 104 000 bbl of oil equivalent per day (604 million ft2/d).
Read the article online at: https://www.tanksterminals.com/terminals/12072024/shell-boosts-atlantic-operations/
You might also like
Hydrocarbon Engineering Podcast
Peter Davidson, CEO of the Tank Storage Association (TSA), joins us to discuss the essential role that the tank storage sector has to play in ensuring supply security and resilience, as well as in facilitating the energy transition.
TotalEnergies signs an agreement to export 2 million tpy of LNG from the Ksi Lisims LNG Project
TotalEnergies has signed a sales and purchase agreement (SPA) with Ksi Lisims LNG for the purchase of 2 million tpy of LNG for 20 years from the future liquefaction plant, subject to the final investment decision of the project.