President of PDVSA and Minister of Petroleum for Venezuela, Rafael Tellechea, said the company, as well as Shell and the National Gas Company of Trinidad and Tobago, signed a license for the development of the Dragon gas field, in a post on X (formerly Twitter).
Stuart Young, Minister of Energy and Energy Industries of the Republic of Trinidad and Tobago, posted that Venezuela and Trinidad “will produce the Dragon Gas field and export the gas to TT with Shell and NGC.”
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Venezuela Vice President Delcy Rodriguez was there for the signing, and said “This great project marks a historic moment for Venezuela, since for the first time gas will be produced and exported; and it also means an example of what cooperative relations between our countries should be.”
The Dragon gas project would be a welcome boost for the economies of both countries, as Venezuela looks to revitalize its crisis-stricken economy, and as Trinidad struggles to buoy years of declining hydrocarbon production.
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The deal, which could see the countries exporting gas by 2025, involves transporting supply to Trinidad’s Atlantic LNG plant via a Shell-owned offshore platform. Young has estimated the field could start with an output of 175 million cubic feet per day and ramp up to 350 million cubic feet per day.
