KEY POINTS
- NGC and Shell finalised Aphrodite gas supply agreements.
- First gas deliveries are expected in Q2 2027.
- NGC is also pursuing additional supplies from the Coconut project.
The National Gas Company of Trinidad and Tobago, NGC, and Shell Trinidad and Tobago have finalised commercial agreements that will pave the way for natural gas from the Aphrodite project to enter Trinidad and Tobago’s domestic market, with first deliveries expected in the second quarter of 2027.
NGC said the agreements were concluded in early September and provide the commercial framework for bringing Aphrodite gas into the country’s gas supply network.
The state-owned gas company is expected to use its existing transportation infrastructure to move the gas to local customers, particularly industrial users that depend on reliable natural gas supplies.
The development comes as Trinidad and Tobago seeks to strengthen domestic gas availability and maintain adequate supplies for its energy-intensive industries.
Aphrodite is being developed by Shell, which took a final investment decision on the project in June 2025. Shell holds a 100% interest in the development.
Shell to connect Aphrodite to existing infrastructure
Shell plans to tie the Aphrodite field into existing subsea infrastructure and transport the gas through the Dolphin A platform.
The project is expected to reach a peak production rate of about 18,400 barrels of oil equivalent per day. That figure represents the project’s anticipated production capacity and should not be interpreted as the volume contractually allocated to NGC under the new commercial agreements.
The expected Aphrodite supply could become an important addition to Trinidad and Tobago’s domestic gas portfolio as the country manages declining production from some existing sources and increasing demand from industrial customers.
NGC chairman Gerald Ramdeen described the commercial terms as significantly more favourable to Trinidad and Tobago.
Ramdeen estimated that the arrangements could generate up to 400% additional value for the country. However, NGC has not publicly provided the pricing details, baseline scenario or calculation methodology needed to independently verify that estimate.
The commercial agreements therefore mark an important step for NGC, but the precise financial impact will depend on the contractual terms, volumes delivered and prevailing market conditions.
Aphrodite is not the only new gas source being pursued by NGC.
The company has also signed a binding term sheet with the developers of the Coconut project, which is being developed by EOG Resources Trinidad and bp Trinidad and Tobago. Under the arrangement, NGC plans to purchase a share of the project’s gas production.
Coconut is expected to begin production ahead of Aphrodite, potentially providing NGC with additional gas supplies as it seeks to strengthen its portfolio for local industries.
The agreements come against a backdrop of continued volatility in international natural gas markets.
Global gas supply remains sensitive to geopolitical developments, seasonal demand and competition for liquefied natural gas cargoes. European storage levels and LNG market conditions are also influencing expectations around gas availability and pricing.
For Trinidad and Tobago, however, the immediate importance of Aphrodite lies in securing additional domestic gas rather than simply responding to international market movements.
