Venezuela Set to Approve Shell-Trinidad Offshore Natural Gas Project ...Middle East

Venezuela is nearing a decision to approve a license for Shell and the National Gas Company of Trinidad and Tobago (NGC) to export natural gas to Trinidad from a new offshore Venezuelan field, Reuters reported on Monday, quoting sources familiar with the matter. Early this year, the U.S. Treasury granted a license to Trinidad and Tobago, allowing the Caribbean nation to develop a gas field offshore Venezuela and do business related to the gas field with Venezuela’s state oil firm PDVSA. Trinidad and Tobago asked for a license for the Dragon…

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