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Shell is advancing Venezuela’s Dragon gas project, backed by new U.S. licenses, targeting 4.5 trillion cubic feet of reserves for export to Trinidad and Tobago.
Shell is advancing its Dragon natural gas project in Venezuelan waters following new U.S. general licenses allowing American companies to support oil and gas exploration there.
The project targets a field with 4.5 trillion cubic feet of reserves and aims to export gas via the Atlantic LNG facility in Trinidad and Tobago, where Shell holds a 45% stake.
The facility, with a 12 million tonne annual capacity, produced 9 million tonnes in 2025 due to supply shortages.
The U.S. policy shift enables development of offshore fields including Loran-Manatee and Cocuina-Manakin, though no timeline for a final investment decision has been set.
Shell está avanzando en el proyecto de gas Dragon de Venezuela, respaldado por nuevas licencias estadounidenses, con un objetivo de 4,5 billones de pies cúbicos de reservas para exportar a Trinidad y Tobago.