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Shell (NYSE:SHEL) said Tuesday it made a final investment decision on the Manatee project, an undeveloped natural gas field offshore Trinidad and Tobago, which it said will bolster its liquefied natural gas portfolio.
Shell (SHEL) said Manatee will allow it to grow its integrated gas business by building on development efforts in the ECMA, one of Trinidad and Tobago’s most prolific gas-producing areas and home to the company’s largest gas-producing fields in the country, and provide backfill for the Atlantic LNG facility.
Manatee is expected to start production in 2027 en route to peak production of 104K boe/day.
Shell (SHEL) has said it plans to increase its LNG business by 20%-30% by 2030 compared with 2022, and LNG liquefaction volumes are planned to grow by 25%-30% compared to 2022.