Shell Is Looking to Invest More in Venezuela, CEO Says

Watch on YouTube ↗  |  March 24, 2026 at 15:03  |  0:33  |  Bloomberg Markets
Speakers

Summary

  • Shell CEO Wael Sawan indicates the company is actively evaluating potential investments in Venezuela.
  • The company already has a significant existing operational foundation, citing a "huge amount of Venezuelan staff within Shell today."
  • The primary stated criterion for investment is where Shell "can add value to Venezuela, to the Venezuelan people."
  • The initial focus for potential investment is on natural gas, specifically projects that can be monetized through LNG (liquefied natural gas).
  • The company is also continuing to assess longer-term opportunities in "liquids" (oil).
  • Any investment in oil would be framed around supporting Venezuela to "grow its production in a responsible way."
  • A key decision point is flagged: Shell may decide on investing in one or two specific Venezuelan gas projects by the end of the current year.
  • The commentary suggests a cautious, phased approach, starting with gas before considering more complex oil projects.
  • The strategic implication is a potential incremental expansion of Shell's LNG portfolio and a careful re-entry into Venezuelan energy.
Trade Ideas
Wael Sawan CEO, Shell plc 0:00
The CEO explicitly stated Shell is looking at Venezuelan natural gas projects, with a potential investment decision on one or two projects by year-end. The focus is on gas that can be monetized as LNG. Shell sees an opportunity to add value in Venezuela, leveraging its existing local staff. A final investment decision would represent a strategic capital allocation and a tangible step in expanding its gas/LNG footprint in the region. WATCH because the pending year-end decision is a concrete catalyst. A positive decision could signal growing confidence in the Venezuelan operating environment and a new source of future LNG supply for Shell. Geopolitical and regulatory instability in Venezuela could delay or cancel final investment plans. Global LNG market dynamics may also affect project economics.
SHELL
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This Bloomberg Markets video, published March 24, 2026, features Wael Sawan discussing SHELL. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Wael Sawan  · Tickers: SHELL