Shell, in collaboration with the National Gas Company, aims to produce gas from Venezuela’s Dragon field in three years for processing in Trinidad and Tobago and subsequent export. This ambitious project was granted a 30-year license by the Venezuelan government in 2024. The field is estimated to yield between 3.2 – 4.2 trillion cubic feet of gas. However, Shell needs a license from the US Office of Foreign Assets Control (OFAC) to operate in Venezuela due to US sanctions. The company is currently awaiting these licenses and believes that they could come to a final investment decision and start production within a few years, as stated by CEO Wael Sawan in recent interviews with Bloomberg TV and CNBC.
Join the Trinidad and Tobago WhatsApp update group: https://chat.whatsapp.com/DKueX7ZV35626FbOsKBt03
Follow us on Instagram: @news.tringlobe
Randy Tafari Smith has been sentenced to 32 years in prison for the murder of…
The bodies of a young couple and their unborn child were recovered from the Atlantic…
Emelda Haynes shares her last conversations with her son, Andri Francis, before a tragic incident…
Sean Sobers celebrates Trinidad and Tobago's election to the UN Security Council, committing to global…
Rangers at Tiger Beach discover a Red Brocket Deer, highlighting the region's rich wildlife.
Announcement of a new gold mining project in Guyana could offer locals investment opportunities.