Shell plc (NYSE:SHEL) is included among the 12 Most Undervalued Natural Gas Stocks to Buy Now.
Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and hydrogen.
A Reuters report on April 9 revealed that Shell plc (NYSE:SHEL) is planning to begin natural gas production from the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago, by mid-2027. The move comes as the energy giant looks to accelerate its projects in Venezuela, especially to Trinidad, which needs a fresh gas supply for its LNG and petrochemical projects.
According to estimates, Loran holds 7.3 Tcf of gas reserves, compared to Manatee’s reserves of 2.7 Tcf. While Shell expects to begin production at Manatee next year, it has not taken any final investment decision on Loran yet.
Moreover, given the high demand, Shell plc (NYSE:SHEL) has decided to increase the capacity of the pipeline that will transport the gas to Trinidad to 1 billion cubic feet per day, up from the originally planned 700 million cubic feet per day.
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