Shell is in advanced talks with Venezuela to develop four large areas near Trinidad and Tobago in two of Venezuela's largest offshore natural gas fields, a move that would expand Shell's upstream gas footprint in the region if concluded. The discussions are at a preliminary stage with government counterparties, creating upside for Shell but exposing the project to geopolitical and sanction-related execution risk; timing and financial terms remain unspecified.
Shell is in advanced talks with Venezuela to develop four large areas near Trinidad and Tobago in two of Venezuela's largest offshore natural gas fields, a move that would expand Shell's upstream gas footprint in the region if concluded. The discussions are at a preliminary stage with government counterparties, creating upside for Shell but exposing the project to geopolitical and sanction-related execution risk; timing and financial terms remain unspecified.
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