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Top related persons:
PDVSA - 2 Stuart Young - 2 Marianna Parraga - 2 Marguerita Choy - 2 Andrea De Silva - 1 Curtis William - 1 Chris Helgren - 1 Venezuela's PDVSA - 1
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Point Fortin Trinidad and Tobago Venezuela Trinidad U.S Guiria Houston Caribbean
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REUTERS - 2 Shell - 2 U.S - 2 Trinidad's Energy - 2 NGC - 2 Thomson - 2 Atlantic - 1 National Gas Company - 1

Search resuls for: "Point Fortin"


2 mentions found


☆ Exclusive: Venezuela close to approving offshore gas license with Trinidad, Shell
  + stars: | 2023-11-20 | by ( Curtis Williams | ) www.reuters.com   time to read: +4 min
The installations of liquified natural gas producer Atlantic LNG are pictured in Point Fortin, Trinidad and Tobago, December 10, 2022. REUTERS/Andrea De Silva/File Photo Acquire Licensing RightsNov 20 (Reuters) - Venezuela is close to approving a license for Shell (SHEL.L) and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said. The license could set in motion a long-running effort by Trinidad to boost its gas processing and petrochemical exports, while providing Venezuela with a much-needed extra source of cash. Venezuela, which holds Latin America's biggest gas reserves, and neighboring Trinidad, the region's largest liquefied natural gas (LNG) exporter, would complement each other's needs to produce and export gas. Trinidad and Tobago has the capacity to process 4.2 billion cubic feet per day (bcfd) into LNG, petrochemicals and power, but its gas production is about 2.7 bcfd.
Persons: Andrea De Silva, PDVSA, Stuart Young, Curtis William, Marianna Parraga, Marguerita Choy Organizations: Atlantic, REUTERS, Shell, National Gas Company, U.S, Trinidad's Energy, NGC, Thomson Locations: Point Fortin, Trinidad and Tobago, Venezuela, Caribbean, Trinidad, U.S, Venezuela's, Caracas, Trinidad ., Guiria, Houston
☆ Exclusive: Shell, Trinidad weigh Venezuela's natural gas investment demands
  + stars: | 2023-09-05 | by ( Curtis Williams Marianna Parraga | Curtis Williams | Marianna Parraga | ) www.reuters.com   time to read: +4 min
The U.S. in January granted Venezuela's PDVSA, Shell and NGC a two-year authorization to revive the project, which could boost Trinidad and Tobago's gas processing and exports. Negotiations between the trio initially had progressed little over a U.S. demand that the proposed Dragon gas project exclude cash payments to Venezuela or its state companies. "Discussions on the Dragon project involving the governments of Venezuela and Trinidad and Tobago and Shell are ongoing and commercially confidential," Shell told Reuters. PDVSA, Venezuela's oil ministry and Trinidad's energy ministry did not reply to requests for comment. A second could connect to Shell's Hibiscus field on Trinidad's side, allowing gas to flow to Trinidad, the people said.
Persons: Chris Helgren, Venezuela's PDVSA, Biden, PDVSA, Shell, Stuart Young, Nicolas Maduro, Keith Rowley, Trinidad's, Curtis Williams, Marianna Parraga, Timothy Gardner, Marguerita Choy Organizations: Shell, REUTERS, Rights, Tobago's National Gas Company, NGC, Reuters, Trinidad's Energy, U.S . Treasury, U.S . State Department, Trinidad's, U.S, Washington, Thomson Locations: Vancouver , British Columbia, Canada, Trinidad, U.S, Venezuela, Trinidad and Tobago, Maduro, Guiria, Point Fortin, Houston, Washington
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