22 April | Gas

Shell finishes survey at Venezuelan gas field due to US license expiration

Shell finishes survey at Venezuelan gas field due to US license expiration

Shell oil and gas group is planning to finish their marine research at the Dragon gas field in Venezuela before May. By that time, due to US demands, it has to close all of its energy projects in the country

According to LSEG data, this month, research ship Dona Jose II entered Venezuela, which now is under US restrictions, for collecting information for Shell and Trinidad’s National State Gas Company. Trinidad is the biggest Latin American exporter of liquefied natural gas (LNG), ammonia and methanol. 

Since Washington employed restrictions against Venezuela's energy sector in 2019, every international entity ought to have a US license for negotiations, planning, and development of oil and gas projects with state company PDVSA. 

In 2023, Venezuela granted Shell a 30-year license to operate the Dragon field, from which gas exports are expected to begin next year. It's suggested that the energy source from the project will be liquefied in Trinidad.

Company MarketCheese
Gold sell
Period: 22.09.2025 Expectation: 14000 pips
Gold is looming correction after powerful rally
Today at 09:43 AM 132
Period: 26.09.2025 Expectation: 2000 pips
Buying silver while it’s correcting before another rally to $43.5
Today at 08:37 AM 82
Period: 22.09.2025 Expectation: 1200 pips
SPX keeps rising ahead of Fed rate decision
Today at 07:20 AM 133
Brent sell
Period: 30.11.2025 Expectation: 520 pips
Selling Brent with $63.5 per barrel in sight
Today at 06:14 AM 84
Period: 19.09.2025 Expectation: 950 pips
GBPUSD is correcting after testing resistance
12 September 2025 440
Gold buy
Period: 31.12.2025 Expectation: 2400 pips
Buying gold from $3,450 support
12 September 2025 129
Go to forecasts