(NGC, 5.Jan.2022) — NGC signed a Heads of Agreement (HOA) with Shell to start the pre-Front End Engineering Design (pre- FEED) phase for the processing of Manatee gas via NGC’s Beachfield Facility. The HOA sets the frame for technical and commercial work to enable further progress through this phase of Manatee project.
The HOA strengthens the partnership between NGC and Shell and sets the stage for future collaboration between the two companies. The signing bodes well for the local energy sector as it points to yet another milestone in meeting the country’s future demands for natural gas. Upon sanction, production from the Manatee area is indeed anticipated to bolster the continued gas supply to both the domestic market as well as the LNG industry.
NGC President, Mark Loquan, noted the agreement advanced NGC’s strategy to secure its current business in Trinidad and Tobago. He commented that, “NGC continues to collaborate with industry stakeholders and leverage the collective expertise and capabilities to sustain the energy sector. By working closely with Shell, NGC is actively participating in major growth projects that will significantly contribute to national development. The company will work to assure the integrity and capacity of our gas-related infrastructure as we remain steadfast in our commitment to provide a steady and reliable supply of natural gas. We recognise this is an important step for the overall Manatee project. We would like to congratulate the technical and commercial teams who have worked professionally over the better part of this year to ensure there was a clear landing on this component.”
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NGC has strengthened its resilience in the face of a changing energy landscape and is resolute in maximising value from Trinidad and Tobago’s energy resources, building a sustainable energy future.