Shell, NGC Resolve Pricing Dispute on Aphrodite Gas Supplies

Shell and Trinidad's National Gas Company (NGC) have reached an agreement on natural gas supply terms from Shell's Aphrodite field, ending a pricing dispute that had stalled the project.

The deal allows for development of the offshore field, with first production expected in the second quarter of 2027. NGC Chairman Gerald Ramdeen said the revised agreement significantly improved the economics for NGC compared to previous terms, bringing 400% more value to the company.

Ramdeen also announced that NGC has signed an agreement with EOG Resources to purchase gas from their share of the Coconut project offshore Trinidad, a joint venture with BP. This new supply will be directed to Trinidad's petrochemical sector rather than Atlantic LNG.