Market Chatter: Shell Says US Licenses Enable Progress on Dragon Gas Project in Venezuela

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Shell (SHEL) can advance its Dragon gas project following recently issued US authorizations for energy exploration in Venezuela, Reuters reported Thursday, citing a company spokesperson.

The company anticipates extracting resources from the 4.5 trillion cubic foot offshore field within three years, noting the licenses act as "a positive signal" for the development, Reuters reported.

The company plans to export the resource through the Atlantic LNG facility in Trinidad and Tobago, a plant it co-owns with BP (BP) that recently faced supply deficits, Reuters reported.

Shell did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300736062.USD","symbol_name":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2612287264","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612287264","pubTimestamp":1771591911,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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