Shell Approves Aphrodite Gas Project Offshore Trinidad, Production Expected 2027

Shell has made a positive final investment decision to develop the Aphrodite gas project offshore Trinidad and Tobago, targeting first gas production by 2027 with an expected peak output of approximately 18,400 barrels of oil equivalent per day. The Aphrodite field, discovered in 2022, will be operated solely by Shell and is located in the East Coast Marine Area, which hosts several of Shell's largest gas-producing fields in the country. This project aims to provide a critical backfill for Trinidad's Atlantic LNG plant, helping to alleviate natural gas shortages that have limited Shell's LNG output. Shell's investment is expected to strengthen the domestic gas market and support local petrochemical and power-generation industries by maximizing the utilization of existing assets. The development involves new subsea infrastructure that will route gas through Shell’s Dolphin A platform to both domestic and export markets. Analysts view Shell's strategic move positively, with many brokerage firms rating the stock as 'Outperform' and forecasting potential stock price gains.