-- Shell, Venezuela and the National Gas Company of Trinidad and Tobago could sign a deal in the coming days, giving the two companies license to develop an offshore natural-gas field in Venezuelan waters and export its production to the Caribbean country, Reuters reports citing two people close to the matter.

-- The two nations are discussing a 25-year exploration and production license for the Dragon field, which holds up to 4.2 trillion cubic feet of gas, Reuters reports.

-- British energy major Shell would operate the project with a 70% stake and NGC would hold the remaining 30% under proposed terms, Reuters reports.

-- A Shell spokesperson didn't immediately respond for comment when contacted by Dow Jones Newswires.

Full story: https://tinyurl.com/2tjb8fv7

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

November 20, 2023 06:53 ET (11:53 GMT)

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