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Shell Says US General Licenses for Exploration in Venezuela Will ...

Shell aims to develop offshore Venezuelan gas fields with an estimated 4.5 trillion cubic feet of natural gas for LNG exports after U.S. sanction licenses eased, officials said.

Summary by Oil Price
Shell plans to proceed with a natural gas project in Venezuela following Washington’s issuance of so-called general licenses for energy operators willing to invest in the country. “The issuance of the recent general licenses is a positive signal, and it, indeed, allows for progress on our Dragon project,” Shell’s spokesperson told Reuters. The Dragon project is an offshore field that contains an estimated 4.5 trillion cubic feet of natural gas t…

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ReutersReuters
+3 Reposted by 3 other sources
Center

Shell says US general licenses for exploration in Venezuela will ...

·United Kingdom
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Reuters broke the news in United Kingdom on Thursday, February 19, 2026.
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