Energy Chamber Welcomes News Final Investment Decision Taken By Shell Manatee Field Development

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Energy Chamber Welcomes News Final Investment Decision Taken By Shell Manatee Field Development

The Energy Chamber of Trinidad and Tobago welcomes the news the final investment decision has been taken by Shell for the development of the Manatee field.

It says this is a very significant development for Trinidad & Tobago and will help create stability for the country’s gas industry and by extension, our energy services companies.

This is a major development, projected to deliver significant volumes of natural gas, equivalent to around 20 percent of current national gas production.

It explains this project has had a long and complicated history, not least because it is part of a field straddles the maritime boundary with Venezuela.

Delivering this project involved significant complex negotiations by the Government of Trinidad & Tobago Tobago, Shell, the Government of Venezuela and numerous other stakeholders.