Shell, Trinidad Agree on Aphrodite Gas Terms, Unlocking Project
SHEL sits 39% above its 52-week low of $68.625.
Summary
Shell and Trinidad's National Gas Company have settled terms for gas supply from the Aphrodite field, ending a pricing dispute that had stalled the project. First production is now targeted for Q2 2027. The revised deal improves economics for NGC, and a separate agreement with EOG Resources covers gas from the Coconut project. This clears a key hurdle for Shell's offshore development and adds modest supply to Trinidad's struggling gas sector.
At the time of this announcement, SHEL was trading at $95.41 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $267.6B. The 52-week trading range was $68.63 to $99.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.