Shell today announced that it has taken a final investment decision to develop its 2.7 trillion cubic feet Manatee natural gas field offshore Trinidad.
The energy and chemical company said Manatee will produce at peak over 600 million cubic feet of gas per day, which will be processed into liquefied natural gas and petrochemicals.
Trinidad is the largest exporter of LNG in Latin America, the second largest exporter of methanol and ammonia in the world, and the largest exporter of urea to the United States.
The Caribbean country has for the last decade suffered from reduced output of both LNG and petrochemicals due to a shortage of natural gas.
Shell says this project will help meet the increasing demand for natural gas globally while also addressing the energy needs of its customers in Trinidad and Tobago.