12/13 Closing Prices / revised 12/12/2024 21:59 GMT |  12/12 OPEC Basket $73.36 +$0.91 cents 12/13 Mexico Basket (MME)  $66.23 +$1.02 cents   10/30 Venezuela Basket (Merey) $58.30   +$3.39 cents  12/13 NYMEX Light Sweet Crude  $71.29 +$1.27 cents | 12/13 ICE Brent  $74.44 +$1.08 cents | 12/13 Gasoline RBOB NYC Harbor  $2.0 +0.07 % | 12/13 Heating oil NY Harbor  $2.27 +0.05 % | 12/13 NYMEX Natural Gas   $3.28 -5.1% | 12/13  Active U.S. Rig Count (Oil & Gas)  589 + 7 | 12/13 USD/MXN Mexican Peso $20.1257 (data live) 12/13 EUR/USD Dollar  $1.0501 (data live) | 12/16 US/Bs. (Bolivar)  $50.33190000 (data BCV) | Source: WTRG/MSN/Bloomberg/MarketWatch/Reuters

Trinidad and Tobago Eyes More Natural Gas from Venezuela Fields – Bloomberg

Cross-border fields Manakin-Cocuina, Manatee-Loran, Kapok-Dorado (polinewspress)

Fabiola Zerpa, Bloomberg News

PORT SPAIN
EnergiesNet.com 01 24 2024

Trinidad and Tobago sees more deals with Venezuela to import natural gas to feed its declining supply following a recent license to tap a former oil giant field.   

There is an “open door” for the countries to develop more offshore gas fields that sit on mutual territories after Venezuelan President Nicolas Maduro issued a license so Shell Plc and Trinidad and Tobago can import from the Dragon project, Mark Loquan, president of Trinidad and Tobago’s national gas company, said in the sidelines of a conference in Port of Spain.  

As its gas reserves decline, Trinidad and Tobago is rushing to secure more natural gas fields to meet demand. It is looking within its own waters and those shared with its neighbors. 

The Dragon deal, which could see the countries exporting gas by 2027, involves transporting to Trinidad and Tobago’s Atlantic LNG plant via a Shell-owned offshore platform and could start with output of 175 million cubic feet per day and ramp up to 350 million cubic feet per day.

Read More: Maduro Says Venezuela, Trinidad Sign Deal to Share Gas Profits

“There is not only Dragon. There are other fields that are joined in Trinidad and Venezuela which can be taken further,” including Manekin-Cocuina and a PDVSA flaring gas capturing project, Loquan said. 

Loquan said the license Venezuela granted will be published soon, offering the first public details of the project. Currently the countries are evaluating plans to inspect wells and build a 13-mile (21 kilometers) pipeline to Shell’s Hibiscus offshore platform in Trinidad’s territory. 

In 2023, Trinidad and Tobago exported 8.4 million metric tons of LNG, 1% less than the previous year, according to data compiled by Bloomberg. 

bloomberg.com 01 23 2024

Share this news


 EnergiesNet.com

About Us

 

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2024, Petroleumworld.com
, EnergiesNet.com™  /
Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia