Prime Minister Dr. Keith Rowley met with senior Shell executives at their offices in The Hague, Netherlands today (Friday 09 September, 2022) to discuss the energy company’s current and future development projects in Trinidad and Tobago.
Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, Stuart Young, accompanied the Prime Minister to the meeting.
The meeting was hosted by Wael Sawan, Director of Integrated Gas and Renewable Energy Solutions, Cederic Cremers, Executive Vice President for LNG, Eugene Okpere, Senior Vice President and Country Chair for Shell Trinidad and Tobago and Anders Ekvall, Business Opportunity Manager for Shell.
Both parties acknowledged the success of their continued collaboration which resulted in an increase in Shell’s production over the last five years since the company re-entered the upstream market in 2016.
This cooperation between the Government and Shell unlocked projects such as Starfish, Barracuda and Colibri and has resulted in an over 30 percent increase in production over the period, with current production of approximately 850 million standard cubic feet of gas today (Friday 09 September, 2022). This is a seven year high for Shell Trinidad and Tobago.
The teams also discussed the imminent conclusion of the commercial restructuring of Atlantic. This would enable future upstream developments, especially the Manatee project, which has the potential to bring online one of the most significant gas developments in recent years.
Prime Minister Rowley and Minister Young also received presentations on Shell’s global business on LNG, Carbon Capture Utilization and Storage (CCUS) and Hydrogen.
The Shell team expressed their appreciation to the Prime Minister and Energy Minister for their continued cooperation in developing the country’s gas production and re-confirmed the company’s intention to sustain and grow competitive energy resources in Trinidad and Tobago.