Trinidad and Tobago Seeks Extension for Venezuela Gas Project

Trinidad and Tobago will request an extension to a U.S. license to continue developing a natural gas field offshore Venezuela in partnership with Shell, sources familiar with the plans have told Reuters. The U.S. Treasury in early 2023 granted a license to Trinidad and Tobago, allowing the Caribbean nation to develop the Dragon gas field offshore Venezuela and do business related to the gas field with Venezuela’s state oil firm PDVSA. Even with U.S. sanctions on Venezuela and its state oil firm and central bank, the U.S. Administration has…