The Ministry of Energy and Energy Resources recently announced the finalization of negotiations between the Government and Shell Trinidad and Tobago Limited on gas related issues.

Following negotiations which took place last year, a Heads of Agreement was agreed to and executed on May 29, 2019 by the Government and Shell at Shell’s Head Office in the Hague, Netherlands.

Under the terms of the Heads of Agreement, the agreement reached between the Government and Shell comes into effect on the finalization and execution of the definitive agreements on the various gas related issues.

According to the Ministry, the agreements among the Government, Shell, the National Gas Company of Trinidad and Tobago Limited and the Heritage Petroleum Company Limited were finalized and executed in a signing ceremony today August 19, 2019 at the Ministry of Energy and Energy Industries, Port of Spain.

The negotiating team was led by Senator the Honourable Franklin Khan, the Minister of Energy and Energy Industries and the Honourable Stuart Young, Minister of National Security and Minister in the Office of the Prime Minister and included representatives of Poten and Partners UK Ltd, US Attorneys White and Case LLP and technical advisers.