Trinidad's Aphrodite Gas Project Advances After Shell-NGC Agreement
The gas project advances, implying potential new LNG/gas supply from Trinidad.
Source →The trace
How it reaches your house.
Starting from Shell plc, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Shell plc →Stands to benefitNational Gas Company of Trinidad and Tobago Limited
The final agreements with Shell are explicitly described as increasing NGC's ability to monetize Aphrodite gas and bring it to market.
“These agreements, which were finalised in early September 2026, represent a significant increase in the ability of NGC to monetise the resources that belong to the people of this country for their benefit.”
94% confidenceCited →Shell plc →supply upNatural gas wellhead production
Shell's Aphrodite agreement clearing the way for first gas makes a modest increase in natural-gas wellhead supply plausible, though the edge's small market share limits transmission.
76% confidenceQatarEnergy (Qatar Energy) →supply upNatural gas wellhead production
Aphrodite advancing adds Trinidad gas to market, increasing available natural-gas wellhead supply; QatarEnergy’s 7% share makes this commodity-edge relevant, though the effect is only moderate.
46% confidenceChevron Corporation →supply upNatural gas wellhead production
Aphrodite’s advance adds Trinidad gas supply, which should modestly ease the natural-gas input market Chevron depends on, though this edge is only a 4% share and fairly substitutable.
44% confidenceBP plc →supply upNatural gas wellhead production
Aphrodite’s advancement adds Trinidad gas supply that can modestly improve BP’s natural-gas input availability, but the graph edge is only a small share and moderately substitutable, so transmission is limited.
44% confidenceHop 2
Natural gas wellhead production →supply upA Trinidad gas project advancing implies more upstream natural-gas output, which directly increases supply to the downstream natural-gas/home market on this critical dependency edge.
85% confidenceHop 3
Natural gas (home) →Stands to benefitNatural gas wellhead production
If Trinidad's Aphrodite project advances and adds gas supply, upstream wellhead production activity is directly supported, since this is the primary input to delivering home natural gas.
58% confidence
Where it lands
What you buy, and what you own.
Goods you buy
Natural gas (home)
Companies you may own
National Gas Company of Trinidad and Tobago Limited
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