March 21, 2025 [Reuters]- Shell Plc is aiming to begin producing natural gas at Venezuela’s Dragon gas field and exporting it to neighboring Trinidad and Tobago in 2026, a year ahead of the original 2027 start date, according to two people familiar with the project.

The project illustrates industry hopes that there will continue to be exceptions on U.S. sanctions on Venezuela, despite recent stricter enforcement. The partners plan to start survey work next month and have decided to drill three wells, the people said, adding that it will need a renewed U.S. license later this year.

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