The first license for the extraction, production and export of gas in “Campo Dragón” has been granted to the state-owned National Gas Company (NGC) of Trinidad and Tobago in partnership with the Dutch company Shell.
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The signing of this license between the Minister of Petroleum and President of Petróleo de Venezuela, S.A. (PDVSA), Pedro Rafael Tellechea, and the Minister of Energy and Energy Industries of Trinidad and Tobago, Stuart Young, took place on Thursday, December 21, in a ceremony headed by the Executive Vice-President of the Bolivarian Republic of Venezuela, Delcy Rodríguez. This consolidates a strategic gas alliance of international projection.
The license is for 30 years and will produce in the first phase some 185 million cubic feet per day of gas that will be transported in pipelines to supply the petrochemical market and gas plants in Trinidad and Tobago.
After six years of work to bring the project …