US EditionTrinidad and Tobago Secures US Permission to Negotiate Gas Deal with Neighboring Venezuela
The U.S. license allows Shell and Trinidad to negotiate gas development in Venezuelan waters to address Trinidad's critical gas shortage, with negotiations permitted through April 2026.
- The U.S. granted Trinidad and Tobago a license to negotiate a gas deal with Venezuela without facing U.S. sanctions.
- Trinidad and Tobago needed the license to pursue development of a gas field located in Venezuelan waters since Venezuela is under U.S. sanctions.
- The gas project is vital for boosting Trinidad and Tobago's gas production and finding new revenue streams as its budget has seen spending outpace income in recent years.
28 Articles
28 Articles
In full tension with Caracas, the US administration has just authorized the oil giant Shell and the archipelago of Trinidad and Tobago to negotiate the exploitation of a submarine gas field with Venezuela.
US Greenlights Trinidad-Venezuela Gas Deal Negotiations
The United States has given Trinidad and Tobago permission to negotiate a gas deal with Venezuela, bypassing US sanctions. This move provides a critical opportunity for the Caribbean nation to boost its gas production. The agreement comes with US-imposed targets and is crucial for Trinidad's economic development.
Associated Press News
Trinidad and Tobago secures US permission to negotiate gas deal with neighboring Venezuela
The U.S. has granted Trinidad and Tobago permission to negotiate a gas deal with neighboring Venezuela without facing any U.S. sanctions.
Shell Nears US License to Export Venezuelan Gas to Trinidad
Shell Plc is preparing to resume preliminary work on a Venezuelan offshore gas field to supply neighboring Trinidad and Tobago, as its confidence grows that the Trump administration will issue a new license exempting the project from sanctions, according to people familiar with the matter.
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