Wednesday morning’s confirmation by Royal Dutch Shell that it had agreed to acquire the British Gas (also known as BG) group for £47 billion (US$70 billion or TT$462 billion) is a potential game-changer for the local energy sector.
If the transaction is consummated, it would mean that Shell would be buying all of the British Gas assets in T&T, including its natural gas fields off Trinidad’s north and east coasts, the pipeline infrastructure that brings the gas from offshore to Point Fortin and its stake in Atlantic LNG.