Shell Puts Trinidad Gas Project on Hold as Energy Sector Faces Pressure
Trinidad and Tobago's energy industry has suffered another setback after Shell halted development of its Aphrodite offshore gas project.
The decision follows unsuccessful negotiations with Trinidad's National Gas Company over the commercial terms for purchasing the gas that would have been produced by the project.
The Aphrodite project was expected to produce approximately 100 million cubic feet of gas per day.
Trinidad and Tobago has historically been one of the Caribbean's most important energy producers and is Latin America's largest LNG exporter.
However, declining natural-gas production has placed pressure on the country's energy and petrochemical industries.
The government is looking at new sources of gas, including supplies connected to neighbouring Venezuela, as it ...
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