{
  "id": 12453260,
  "title": "Como a Shell vê a Venezuela",
  "url": "https://urgent.news/2026/10/06/como-a-shell-ve-a-venezuela",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-06T19:23:46.000Z",
  "source": {
    "name": "Brazil Journal",
    "slug": "brazil-journal",
    "url": "https://braziljournal.com/como-a-shell-ve-a-venezuela/"
  },
  "original_language": "pt",
  "account": "Discussing Venezuela without mentioning its vast oil reserves is difficult, but for Shell, the focus of the country lies elsewhere – in gas. CEO Wael Sawan stated during a London event that the company sees greater competitive advantages in exploring Venezuelan natural gas than in its heavy oil. This assertion, reported by Reuters, illustrates an important shift in the energy market, as gas gains prominence on the agendas of companies and investors worldwide after decades being seen as a low-value byproduct of \"black gold\". Sawan also mentioned that the English oil giant will continue to evaluate new opportunities in Venezuela, which has re-emerged on the radar of global majors following the ousting and imprisonment of Nicolás Maduro by the United States. The company signed five agreements to develop oil and gas projects in the country in June, including the offshore gas field of Loran, estimated to have 7 trillion cubic feet of reserves. However, Sawan stated that confidence in Venezuela will not be resumed overnight. The CEO said his outlook for the country is \"cautiously optimistic\" and that Shell will continue to evaluate opportunities. Besides the Loran project, in which BP is also expected to participate, the company is involved in the Dragon field in Venezuela. The progress of these projects is expected to allow Shell to export gas from Venezuela, with the initial transportation to Trinidad and Tobago, where it will be processed into Liquefied Natural Gas (LNG) for export to international markets. Shell's own studies project that demand for LNG is expected to grow by 65% by 2050, reaching 700 million tons per year, as various countries turn to this fuel as a reliable and flexible source of secure energy. This forecast is in the latest edition of the company's \"LNG Outlook\" report, which began publication in 2017. Since then, the number of importing countries has increased from 36 to 49, with Chinese purchases jumping by 250%. Global LNG trade has also increased by about 60% over the period. The report this year also pointed out that data centers are emerging as a new source of demand for LNG, including in more mature Asian markets like Japan. In Venezuela, investments in gas may make more sense for Shell's strategy due to the type of oil the country produces, which is quite heavy and requires more expensive and complex refining, making its barrels trade at a discount. Although Venezuela is often highlighted as the world's largest oil reserve holder, independent estimates put economically recoverable volumes well below official numbers. Besides Shell, BP is also betting on Venezuelan gas, with investments in the Loran field and the neighboring Cocuina-Manakin project.",
  "summary": "É difícil falar em Venezuela sem pensar em suas gigantescas reservas de petróleo. Mas para a Shell, o foco no país está em outro produto. O gás. O CEO Wael Sawan disse hoje durante um evento em Londres que vê vantagens competitivas maiores para a companhia na exploração do gás natural venezuelano do que em […] The post Como a Shell vê a Venezuela appeared first on Brazil Journal .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}