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Shell to Exploit Manatee Gas Field: Because the World Needs More Gas Giants

Posted by John Donovan 10 July 2024

Gas, Gas, and More Gas:

Shell announced on Tuesday that it’s moving forward with the Manatee gas field project in Trinidad, aiming to beef up its liquefied natural gas (LNG) empire. Nestled in the East Coast Marine Area, one of the Caribbean’s busiest gas-producing zones, the Manatee field is part of the cross-border Loran-Manatee discovery shared with Venezuela. This gem holds about 10 trillion cubic feet (tcf) of natural gas, with Trinidad sitting on a modest 2.7 tcf of that stash.

Doubling Down on LNG:

The gas extracted will be funneled into Trinidad’s Atlantic LNG facility. Shell, with its impeccable timing, aims to boost its LNG business by a whopping 20 to 30 percent by 2030 compared to 2022 levels. They’re not just expanding; they’re supercharging their LNG liquefaction volumes by 25 to 30 percent. Because nothing screams “sustainable future” like a hefty increase in fossil fuel production.

Corporate Speak at Its Finest:

“This project will help meet the increasing demand for natural gas globally while also addressing the energy needs of our customers domestically in Trinidad and Tobago,” said Zoe Yujnovich, Shell’s integrated gas and upstream director. Translation: “We’re going to make a ton of money while pretending to care about global energy needs.”

She further added, “The investment bolsters our world-leading LNG portfolio in line with our commitment to invest in competitive projects that deliver more value with less emissions.” Ah yes, “more value with less emissions.” Because extracting and burning more natural gas is the epitome of low-emission strategy.

What’s Next?

Production is set to kick off in 2027, and once the gas starts flowing, it’s expected to reach a peak production of about 104,000 barrels of oil equivalent per day (boepd). So, mark your calendars, folks! Another milestone in Shell’s quest to prioritize profits over the planet is on its way.

So, here’s to Shell—continuing to lead the charge in environmental insensitivity, one massive gas project at a time.

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