Financial Wire

Shell Targets First Gas by 2027 From Venezuela-Trinidad Project

Gerald Ramdeen, chairman of Trinidad and Tobago's National Gas Co., said Shell (SHEL.L, SHELL.AS) is working toward a first-gas timeline of 2027 for the Loran-Manatee offshore field that crosses the country's border with Venezuela, Reuters reported Thursday.Citing information from the British oil and gas company, Ramdeen said the daily pipeline capacity for gas transport to Trinidad from the project has been increased to 1 billion cubic feet from the original plan of 700 million cubic feet.Shell confirmed the 2027 production target to Reuters for the Manatee field, saying a final decision has yet to be made for the Loran site.Shell did not immediately respond to a request for comment from.

-- Gerald Ramdeen, chairman of Trinidad and Tobago's National Gas Co., said Shell (SHEL.L, SHELL.AS) is working toward a first-gas timeline of 2027 for the Loran-Manatee offshore field that crosses the country's border with Venezuela, Reuters reported Thursday.

Citing information from the British oil and gas company, Ramdeen said the daily pipeline capacity for gas transport to Trinidad from the project has been increased to 1 billion cubic feet from the original plan of 700 million cubic feet.

Shell confirmed the 2027 production target to Reuters for the Manatee field, saying a final decision has yet to be made for the Loran site.

Shell did not immediately respond to a request for comment from.