License Details
LicenseGL 43
OFAC titleAuthorising Certain Transactions Necessary to the Wind Down of the National Gas Company of Trinidad and Tobago Limited's Activities Involving the Dragon Gas Field
Coverageenergy, natural-gas, Trinidad, PDVSA
StatusSubject to renewal — most recent extension published 2024
SourceCurated Caracas Research entry
Plain-English Summary
Permits NGC and Shell to continue planning, drilling, financing, and offtake activities for the cross-border Dragon Gas Field project subject to specified conditions.
AI-Assisted Analysis
GL 43 is part of the Venezuela energy-sanctions framework. Investors should treat it as a permissions boundary for oil, gas, PDVSA, or service-company exposure rather than as broad sanctions relief.
- Amendments, extensions, or replacement license numbers
- Counterparty limits involving PdVSA, Venezuelan state entities, or blocked persons
- Wind-down dates, reporting requirements, and payment restrictions
Internal Context
Track related updates in the Venezuela sanctions tracker, compare active licenses in the general-license directory, and screen counterparties with the OFAC Venezuela sanctions checker.