Featured
The most important discussion on Caribbean energy
Trinidad and Tobago’s natural gas sector could receive a meaningful boost from 2027 as regional cooperation gains momentum and a new wave of upstream projects led by bp and Shell moves towards first gas. These developments are expected to provide welcome relief to the downstream sector and improve feedgas availability for LNG operations. While they may not fully close the country’s supply gap, they create a stronger platform for growth and reinforce the importance of cross-border gas as part of a longer-term solution.
Reuters has reported that Shell is in advanced negotiations with the Venezuelan government to expand its footprint in the country, targeting four major natural gas areas near the maritime border with Trinidad and Tobago.
The United States government, through its Office of Foreign Assets Control (OFAC), has updated its Frequently Asked Questions (FAQs) regarding Venezuela Sanctions. In response to question 1247, “Do non-U.S. persons face sanctions risk for engaging in transactions authorized by General Licenses (GL) 46B, 51A, and 52?” the office indicated that they do not.
The Carapal Ridge 3 well was successfully tied into Touchstone Exploration’s Central block natural gas facility and brought onstream. According to the company, the well is currently flowing natural gas and condensate as it continues to recover drilling and completion fluids.
