LONDON (dpa-AFX) - Shell Trinidad and Tobago Ltd., a subsidiary of Shell Plc
(SHEL), announced on Tuesday that it has taken the Final Investment Decision on
the Manatee project, an undeveloped gas field in the East Coast Marine Area or
ECMA in Trinidad and Tobago.

The Manatee gas field will provide backfill for the country's Atlantic LNG
facility.

Shell noted that increasing utilization at existing LNG plants is an important
lever to maximize potential from its existing assets.

Zoe Yujnovich, Shell's Integrated Gas and Upstream Director, said: 'This project
will help meet the increasing demand for natural gas globally while also
addressing the energy needs of our customers domestically in Trinidad and
Tobago. The investment bolsters our world-leading LNG portfolio.'

Manatee, slated to start production in 2027, is expected to reach peak
production of around 104,000 barrels of oil equivalent per day.

As announced earlier, Shell plans to grow its LNG business by 20 to 30 percent
by 2030, compared with 2022, while LNG liquefaction volumes are planned to grow
by 25 percent to 30 percent, relative to 2022.

The ECMA is currently home to Shell's largest gas-producing fields in the
country including Dolphin, Starfish, Bounty and Endeavour.



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