Post #1330

The negotiations between Venezuela and Trinidad and Tobago over a joint energy project are expected to take a step forward. According to Reuters, the Caribbean island’s National Gas Company (NGC) and UK corporation Shell are reportedly set to agree to credit Venezuelan state oil company PDVSA for a US $1 billion investment in a natural gas field. Caracas and Port of Spain have been engaged in talks to explore offshore natural gas reserves in Venezuelan waters, in a project to be operated by Shell. PDVSA had demanded that the partners recognize the construction of a pipeline connecting the field to the Venezuelan shore. A source quoted by Reuters said the NGC and Shell are prepared to acknowledge "all legitimate claims." https://venezuelanalysis.com/news/15842