Shell signed multiple oil and gas agreements with the Venezuelan government for offshore natural gas and onshore opportunities.
These agreements advance the Dragon gas project following years of development setbacks.
The project aims to export the first gas from the Dragon field to Trinidad and Tobago by the third quarter of 2027.
The supply will support Trinidad’s Atlantic LNG plant, a facility co-owned by Shell that currently operates below capacity.
Gas shortages in the region have previously limited the plant's output.