PDVSA

Company

Last mentioned: Mar 8, 2026

Timeline

  1. First Gas Target

    Projected date for the first commercial gas flows from Venezuelan waters to Trinidadian processing plants.

  2. Technical Surveys

    Subsea imaging and pipeline route assessments begin for the Dragon-to-Hibiscus link.

  3. Dragon Field Agreement

    Venezuela signs a 30-year license with Shell and NGC for gas exploration and production.

  4. OFAC License Issued

    US Treasury grants license for Trinidad to develop gas with Venezuela.

Stories mentioning PDVSA 1

market-trends Bullish

Venezuela’s Natural Gas: The Sleeping Giant of South American Energy

Venezuela is increasingly pivoting toward its massive, untapped natural gas reserves, which hold the potential to rival its world-leading oil sector in strategic importance. With the seventh-largest gas reserves globally, the nation is seeking regional partnerships and sanctions relief to transform from an oil-dependent economy into a major regional gas exporter.

2 sources