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Exclusive: Shell seeks to begin gas output at massive Venezuela-Trinidad Loran Manatee field next year

SHEL
Energy Markets & PricesCommodities & Raw MaterialsCompany FundamentalsCorporate Guidance & OutlookEmerging Markets

Shell plans to begin natural gas output in 2027 from the Loran-Manatee offshore field that straddles the Venezuela–Trinidad and Tobago border, according to Gerald Ramdeen, chairman of Trinidad's National Gas Company. This is a production-timing update with limited immediate market impact but could meaningfully add to regional gas supply from 2027 and entails cross-border political and operational risk.

Analysis

Shell plans to begin natural gas output in 2027 from the Loran-Manatee offshore field that straddles the Venezuela–Trinidad and Tobago border, according to Gerald Ramdeen, chairman of Trinidad's National Gas Company. This is a production-timing update with limited immediate market impact but could meaningfully add to regional gas supply from 2027 and entails cross-border political and operational risk.

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