Exclusive: Trinidad to seek US extension for Shell's gas project in Venezuela
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Trinidad and Tobago is planning to request an extension from the U.S. government for Shell and Trinidad's National Gas Company to continue developing a gas project in Venezuela.
February 25, 2025 | 11:30 am
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NEUTRAL IMPACT
Trinidad and Tobago is seeking a U.S. extension for Shell's gas project in Venezuela, which could impact Shell's operations and stock price depending on the outcome.
The request for an extension is crucial for Shell's ongoing operations in Venezuela. If granted, it could stabilize or boost Shell's stock by ensuring continued access to Venezuelan gas resources. However, the outcome is uncertain, leading to a neutral short-term impact until a decision is made.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80