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Trump to Visit Venezuela as Sanctions Ease, Energy Boost Ahead

2/14/2026

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Trump's Venezuela Visit

U.S. President Donald Trump announced plans to visit Venezuela after sanctions were eased.
The Treasury Department authorized BP, Chevron, Eni, Repsol, and Shell to pursue oil and gas projects.
Payments will be managed by the U.S. Treasury to support Venezuela's economic restoration.
Energy Secretary Chris Wright urged higher production and praised interim leader Delcy Rodriguez for cooperation.
The United States continues to bar participation from China and Russia.

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Shell Explores Venezuela Gas

Venezuela's offshore natural gas reserves remain largely undeveloped because the country prioritizes oil extraction.
Shell has expressed interest in gas fields near Trinidad and Tobago.
U.S. sanctions on Venezuela's government and its oil company have hindered gas production, though easing restrictions could create opportunities.
Cooperation with Trinidad and Tobago is essential for exporting the gas because the island nation has infrastructure, despite relations having worsened in the past year.

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Trump's Venezuela Visit

U.S. President Donald Trump announced plans to visit Venezuela after sanctions were eased.
The Treasury Department authorized BP, Chevron, Eni, Repsol, and Shell to pursue oil and gas projects.
Payments will be managed by the U.S. Treasury to support Venezuela's economic restoration.
Energy Secretary Chris Wright urged higher production and praised interim leader Delcy Rodriguez for cooperation.
The United States continues to bar participation from China and Russia.

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