BP Advances with Giant Subsea Gas Project in Trinidad

BP Plc’s (NYSE:BP) subsidiary BP Trinidad and Tobago (“BPTT”) signed a production-sharing agreement with Trinidad last week for the giant Cypre subsea gas development, and is now targeting first gas in 2025, Zacks reports. Cypre is BPTT’s third subsea development in the region and is poised to significantly enhance the country’s natural gas production capacity. Trinidad and Tobago’s natural gas production has been declining, making the Cypre project critical for the twin island country. Average production...