Shell aims to export Venezuelan gas through Trinidad within three years
Shell CEO Wael Sawan expects to start gas production from Venezuela's Dragon field within three years. The project awaits US licenses to boost regional supply.
Insights:
Shell plc has announced plans to develop the 4.5 trillion cubic-foot Dragon gas field in Venezuela 
VE, with the intention of processing the gas in Trinidad and Tobago 
TT for export. This cross-border initiative is designed to link regional infrastructure with global markets, but the entire plan remains contingent on obtaining necessary licenses from the U.S. 
US Office of Foreign Assets Control (OFAC). If implemented, the project could materially increase the supply of natural gas to the Atlantic LNG export facility and the petrochemical sector in Trinidad and Tobago TT.
VE, with the intention of processing the gas in Trinidad and Tobago TT for export. This cross-border initiative is designed to link regional infrastructure with global markets, but the entire plan remains contingent on obtaining necessary licenses from the U.S. US Office of Foreign Assets Control (OFAC). If implemented, the project could materially increase the supply of natural gas to the Atlantic LNG export facility and the petrochemical sector in Trinidad and Tobago TT.The project involves cooperation with the Trinidad National Gas Company (NGC) and the Venezuelan government, which is led by Nicolas Maduro nicolas maduro. In 2024, a 30-year license for the Dragon gas field was granted, providing a long-term framework for the operation. Shell plc Chief Executive Wael Sawan wael sawan has indicated that development could be activated within months, with the company hoping for production to begin within three years. However, these timelines are strictly conditional on receiving regulatory clearance from the United States US.
US.
