Live Intelligence · Q2 2026
- Jun 2024OFAC granted a license for the Dragon Field gas development (June 2024). Dragon Field is a cross-border natural gas reservoir straddling the Trinidad-Venezuela maritime boundary. The license allows US-linked operators to participate in development — a rare OFAC carve-out in the Venezuela sanctions architecture. Shell is the lead operator.OFAC
- ActiveAtlantic LNG — one of the largest LNG export facilities in the Western Hemisphere. Train 1–4 capacity. Shell, BP, and NGC are the primary stakeholders. US LNG buyers have a direct procurement channel. The facility is the economic anchor of the T&T energy sector.
- ActivePoint Lisas Industrial Estate — world-scale petrochemicals hub. Ammonia, methanol, urea, and steel produced at scale for US and global export. Low-cost natural gas feedstock is the competitive advantage. Caribbean's most developed industrial manufacturing corridor.
- StructuralNatural gas reserves in decline — Dragon Field is the strategic extension. T&T's energy economy depends on Dragon Field coming online. US operators who position now in the Dragon Field development chain are embedded in the most strategically important energy project in the Caribbean.New
Sectors — Active Opportunity
LNG & Natural Gas
Petrochemicals (Ammonia, Methanol)
Dragon Field Development
Energy Services & Engineering
Financial Services
Tourism
Primary Risk
Natural gas decline trajectory is structural — if Dragon Field development is delayed or cancelled, the T&T economic model faces acute stress. OFAC license for Dragon Field is conditional and linked to the Venezuela sanctions architecture — any sanctions reinstatement could disrupt the project. No confirmed US ambassador limits diplomatic facilitation at the energy ministry level.
Franco Calderón · Latambusiness.org
Is the Window Open
For Your Deal?
Dragon Field OFAC license is active. Atlantic LNG is live. Point Lisas is the most developed petrochemical hub in the Caribbean. Position before the Dragon Field development chain closes.
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