Trinidad: Shell Urged to Submit Aphrodite Gas Project Plan

Trinidad and Tobagos government is pressing Shell to submit a development plan for its Aphrodite offshore gas discovery, a crucial step to secure licenses and advance the project. The Aphrodite field, expected to produce 18,400 barrels of oil equivalent per day, could significantly boost Trinidads gas supply, which has been dwindling. The government has set three conditions for a five-year license extension, including government approval of the development plan and a $4 million signature bonus. Shell has expressed commitment to the project, but it remains uncertain if the bonus has been paid or if the plan is near completion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.