Delcy Rodríguez met with Shell executives to evaluate gas projects in Venezuela
Delcy Rodríguez met with Shell executives to evaluate gas projects, amid the reactivation of the Dragon Project
TL;DR
- Venezuelan acting president Delcy Rodríguez met with Shell executives, including regional VP Adam Lomas and Global Gas VP Cederic Cremers.
- The meeting aimed to evaluate gas projects, specifically referencing the Dragon Interconnection Project.
- Shell previously had an agreement for the Dragon Project halted in 2020 due to U.S. sanctions.
- Recent licensing from Trinidad and Tobago and Venezuela's Ministry of Hydrocarbons, along with a complex history with OFAC licenses, suggests renewed potential for the Dragon Project.
- Shell views the Dragon Project as a strategic opportunity for offshore gas development and energy supply.
- The meeting occurs after Venezuela's parliament approved a reform to its hydrocarbons law, opening the sector to private and foreign investment.