Prime Minister Rowley meets with High-Level team from Shell

Prime Minister Dr the Hon Keith Rowley met with Shell’s senior executives at the energy company’s office in London today (Thursday 04 November, 2021). Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister the Hon Stuart Young and Eugene Okpere, Senior Vice President and Country Chair of Shell Trinidad and Tobago were present for the meeting.

Discussions focused on key growth projects and potential collaboration opportunities aimed at furthering Trinidad and Tobago’s renewable energy goals.

Wael Sawan, Shell’s newly-appointed Director of Integrated Gas, Renewables and Energy Solutions, led a presentation on the company’s energy transition strategy. He focussed on the possibilities of carbon emission reduction in Trinidad and Tobago whilst working on the continued production of natural gas which is recognised as a cleaner fuel source.

Sawan said Shell remains committed to securing Trinidad and Tobago’s energy future and is excited to play a leading role in unlocking the country’s energy transition potential and building their portfolio in Trinidad and Tobago.

Talks also centred on the recent Cabinet approval of the Production Sharing Contract Amendment (PSC) for the Manatee gas field which is a historic development for Trinidad and Tobago. The Manatee gas field will be a significant gas production project and one of the largest single investments in Trinidad and Tobago in decades. The parties will sign the Manatee PSC in Trinidad and Tobago later this month.

The commercial restructuring of Atlantic LNG was included on the agenda. There were also discussions surrounding the issues raised at the recent COP26 climate change conference and a commitment was given by the Government to finalize the details related to the utility-scale solar project to be developed by a consortium comprising Shell, BP and Lightsource bp.

The Shell team at the meeting included De La Rey Venter, Executive Vice President of Shell’s LNG business for the Western hemisphere; Ed Daniels, Executive Vice President, Strategy, Portfolio & Sustainability; and Anders Ekvall, Business Opportunity Manager.