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Home > Finance > Shell weighing Venezuela offshore investments worth billions of dollars, CEO tells CNBC

Shell weighing Venezuela offshore investments worth billions of dollars, CEO tells CNBC

Published by Global Banking & Finance Review®

Posted on February 5, 2026

1 min read

Last updated: February 5, 2026

Shell weighing Venezuela offshore investments worth billions of dollars, CEO tells CNBC - Finance news and analysis from Global Banking & Finance Review

Tags:investment offshore market financial community emerging markets

Quick Summary

Shell is considering multi-billion dollar offshore gas investments in Venezuela, with production expected soon, pending necessary approvals.

Shell Considers Multi-Billion Dollar Offshore Gas Investments in Venezuela

Shell's Investment Plans in Venezuela

Feb 5 (Reuters) - Shell is weighing investments in certain offshore natural gas opportunities in Venezuela involving investments worth a few billion dollars with production expected in the next couple of years, CEO Wael Sawan said in an interview with CNBC on Thursday.

Expected Production Timeline

"These are opportunities that could potentially be activated within months," he told CNBC, adding that the company is now awaiting approvals.

Approval Process for Investments

(Reporting by Dagmarah Mackos; )

Key Takeaways

•Shell is evaluating offshore gas investments in Venezuela.
•The investments are worth a few billion dollars.
•Production could begin in the next couple of years.
•Approvals are awaited for these opportunities.
•CEO Wael Sawan discussed this in a CNBC interview.

Frequently Asked Questions about Shell weighing Venezuela offshore investments worth billions of dollars, CEO tells CNBC

1What is offshore investment?

Offshore investment refers to the practice of investing in financial assets located outside of one's home country, often to benefit from favorable tax laws or regulatory environments.

2What is natural gas?

Natural gas is a fossil fuel composed primarily of methane, used as an energy source for heating, electricity generation, and as a fuel for vehicles.

3What is an investment plan?

An investment plan is a strategy outlining how an individual or organization intends to allocate resources into various assets to achieve specific financial goals.

Shell's Investment Plans in Venezuela

Expected Production Timeline

"These are opportunities that could potentially be activated within months," he told CNBC, adding that the company is now awaiting approvals.

Approval Process for Investments

(Reporting by Dagmarah Mackos; )

Frequently Asked Questions

1What is offshore investment?

Offshore investment refers to the practice of investing in financial assets located outside of one's home country, often to benefit from favorable tax laws or regulatory environments.

2What is natural gas?

Natural gas is a fossil fuel composed primarily of methane, used as an energy source for heating, electricity generation, and as a fuel for vehicles.

3What is an investment plan?

An investment plan is a strategy outlining how an individual or organization intends to allocate resources into various assets to achieve specific financial goals.