GL 43: Authorising Certain Transactions Necessary to the Wind Down of the National Gas Company of Trinidad and Tobago Limited's Activities Involving the Dragon Gas Field
Plain-English analysis of OFAC GL 43 for Venezuela: what the license covers, why it matters, source links, and related sanctions context.
License Details
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.
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.
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