Shell considers multi-billion dollar offshore gas investments in Venezuela
Shell CEO Wael Sawan announced today that the firm is weighing offshore gas investments in Venezuela. Production could start within the next few years.
Insights:
Shell plc is weighing investments worth a few billion dollars in certain offshore natural gas opportunities in VE 
VE. As of February 5, 2026, the company is awaiting necessary approvals for these multi-billion-dollar upstream projects, which are currently under discussion.
VE. As of February 5, 2026, the company is awaiting necessary approvals for these multi-billion-dollar upstream projects, which are currently under discussion.Chief Executive Officer Wael Sawan wael sawan stated that the investments could be activated within months, provided that the required approvals are granted. This potential activation represents a significant company-level development for Shell plc in its VE VE operations.
VE operations.
