Shell signed new agreements in Caracas in March 2026 with US officials watching. But the Dragon gas project has survived this moment before - only to collapse. What makes this time different, and what does Trinidad and Tobago actually control?
Read the analysisBrent crude past US$119. LNG benchmarks up 70%. Ammonia, urea, and methanol at multi-year highs. But gas production is falling, a major plant is shut, Atlantic LNG trains are offline, and the windfall is arriving in an economy structurally unable to absorb it.
Read the analysisAn Italian engineering firm announced a US$50 million refinery study before any government did. The company paying for it is brand new. Nobody will say who is financing it.
Read the analysisA dispute over $28 million in port fees and gas pricing has shut down one of Point Lisas's largest plants. The ripple effects hit hospitals, food production, and the forex pipeline.
Read the analysisGas production is at 2.5 bcf/d, down from a peak of 4.3. An LNG train is being permanently scrapped. Every major upstream project points to 2027. Trinidad and Tobago is running on fumes in the meantime.
Read the analysisA former T&T Energy Ministry director wrote to Guyana's press warning them to learn from Trinidad and Tobago's mistakes. No T&T outlet covered it.
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