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BP, Shell seeking US licenses for gas fields shared with Venezuela – T&T minister says
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Kaieteur News
BP, Shell seeking US licenses for gas fields shared with Venezuela – T&T minister saysJan 28 (Reuters) – Shell and BP are seeking U.S. licenses to extract natural gas from fields in Trinidad and Tobago and Venezuela, the Caribbean Trinidad energy minister Roodal Moonilal said on Wednesday.
Its gas projects have progressed slowly in recent years amid frequent U.S. policy changes towards Venezuela.
Venezuela under President Nicolas Maduro last year suspended energy-development cooperation with Trinidad and Tobago, including joint natural gas projects in the works.
The move comes a day after Ecuador’s President Daniel Noboa said his government would impose a 30%Dragon holds one of the largest deposits of natural gas in Venezuela.
With its projects back on track, Trinidad hopes to lead and co-operate with other Caribbean nations such as Suriname, Guyana, and Grenada to develop natural gas, Moonilal said.