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Exclusive: Shell, Trinidad weigh Venezuela's natural gas investment demands

Exclusive-Shell, Trinidad weigh Venezuela's natural gas investment demands

Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said. The U.S. in January granted Venezuela's PDVSA, Shell and NGC a two-year authorization to revive the project, which could boost Trinidad and Tobago's gas processing and exports.

United statesTrinidad and tobagoTimothy gardnerNicolas maduroMarianna parragaCurtis williamsStuart youngKeith rowleyTrinidad energyA us state departmentTobago national gas companyUs treasury departmentNational gas companyEnergy minister stuart youngPresident nicolas maduroPrime minister keith rowleyPoint fortinMarguerita choyNational gas company

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