📰 NEWS | Shell Moves to Expand Venezuela Natural Gas Operations
Shell is reportedly in advanced negotiations with the Venezuelan government to expand its offshore natural gas operations, according to Reuters. The company is seeking rights to develop four fields: Dragon, Río Caribe, Patao, and Mejillones, alongside accelerating work on the Loran field.
If agreements are reached, Shell could access up to 20 trillion cubic feet of gas reserves. The strategy involves processing Venezuelan gas into LNG using infrastructure in Trinidad and Tobago, which currently has idle capacity.
The talks follow Venezuela’s 2026 hydrocarbon law reform, which expanded incentives for private investment, but face hurdles including unresolved ownership stakes and regulatory conditions.
Read the full report here 👉🏾https://shorturl.at/P8Gl4
#Gas#Sanctions#Shell#TrinidadandTobago
📰 NEWS | Shell Moves to Expand Venezuela Natural Gas Operations
Shell is reportedly in advanced negotiations with the Venezuelan government to expand its offshore natural gas operations, according to Reuters. The company is seeking rights to develop four fields: Dragon, Río Caribe, Patao, and Mejillones, alongside accelerating work on the Loran field.
If agreements are reached, Shell could access up to 20 trillion cubic feet of gas reserves. The strategy involves processing Venezuelan gas into LNG using infrastructure in Trinidad and Tobago, which currently has idle capacity.
The talks follow Venezuela’s 2026 hydrocarbon law reform, which expanded incentives for private investment, but face hurdles including unresolved ownership stakes and regulatory conditions.
Read the full report here 👉🏾https://shorturl.at/P8Gl4
#Gas#Sanctions#Shell#TrinidadandTobago