After years of falling output, Trinidad expects a gas rebound in 2027 led by new BP and Shell fields in its own waters, with Venezuela as upside.
Energy · Caribbean
—The turn. After years of falling output, Trinidad expects its gas production to rebound in 2027.
—The drivers. New fields from BP and Shell, all in Trinidad’s own waters, are due to deliver first gas that year.
—The biggest one. Shell’s Manatee field is set to peak at about 104,000 barrels of oil equivalent a day.
—The point of it all. The new gas is meant to refill the Atlantic LNG plant, the island’s main export earner.
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The UK supermajor also signed deals to boost light and medium oil production from the Punta de Mata zone.
