Post #1436

The governments of Venezuela and Trinidad and Tobago signed an agreement on Thursday to jointly produce and export offshore natural gas from the Dragon Gas Field. According to a Venezuelan statement, Venezuela’s state oil company PDVSA has granted a 30-year license to Trinidad’s National Gas Company (NGC) to develop Dragon, located in Venezuelan waters, with Royal Dutch Shell as the project’s operator. In its first phase, the project is expected to yield an output of 185 million cubic feet per day of natural gas and it involves building a 17-kilometer pipeline from Venezuela’s Dragon field to Shell’s Hibiscus field in Trinidadian waters for the production of liquefied natural gas (LNG) and petrochemicals. Part of the output will be earmarked for export to international markets. https://venezuelanalysis.com/news/venezuela-signs-30-year-alliance-with-trinidad-to-develop-dragon-gas-field/