Her investments in Venezuela grow via Trinidad
Trinidad and Tobago announced the signing of an agreement with the British company Shell to develop and exploit the Loren natural gas field off the coast of Venezuela. The goal is to export the entire production of the first phase of the gas field to Trinidad and Tobago for processing there before export. The project involves exporting approximately 48.14 billion cubic meters of gas and is part of Venezuela's new law dedicated to attracting foreign investments in the oil and gas sector. This development is considered a part of Venezuela's efforts to strengthen its natural gas sector, especially following the signing of ongoing cooperation agreements with Trinidad and Tobago aimed at developing shared gas resources and achieving regional economic benefits.
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