Shell finalizes Aphrodite gas deal with Trinidad's NGC

Shell and Trinidad and Tobago's National Gas Company (NGC) have finalized commercial agreements covering natural gas supplies from the Aphrodite offshore field. The deal resolves months of pricing negotiations and clears a major hurdle delaying the development.

The Aphrodite project targets its first gas delivery in the second quarter of 2027. NGC will use its pipeline network to transport production to the domestic market, helping offset declining local natural gas output that has pressured exports and led to petrochemical plant shutdowns.

Gerald Ramdeen, chairman of NGC, said the finalized terms significantly improve project economics for the state-owned company. According to NGC, the updated terms offer 400% more value to the country than previously negotiated terms.

The new supply will feed industrial customers, power producers, and Atlantic LNG, where Shell holds a 45% stake. Shell is also pursuing cross-border gas projects involving Venezuela and exploring the Loran offshore field to tie into Trinidad's Manatee platform.