BP pursues US government license for gas project on Venezuela border
BP is seeking a U.S. license to develop a gas field shared by Trinidad and Venezuela. The project aims to boost LNG exports and address fuel shortages.
Insights:
BP p.l.c. is seeking a license from the US 
US government Office of Foreign Assets Control (OFAC) to proceed with the development of the Manakin-Cocuina gas field. The field is a significant cross-border resource that straddles the maritime boundary between Trinidad and Tobago 
TT and Venezuela 
VE. Obtaining this license would facilitate the production of more than 1 trillion cubic feet of gas, which would be transported to Trinidad for processing into liquefied natural gas.
US government Office of Foreign Assets Control (OFAC) to proceed with the development of the Manakin-Cocuina gas field. The field is a significant cross-border resource that straddles the maritime boundary between Trinidad and Tobago TT and Venezuela VE. Obtaining this license would facilitate the production of more than 1 trillion cubic feet of gas, which would be transported to Trinidad for processing into liquefied natural gas.
