Natural Resources 17 February 2026 - 1 April 2026

Shell Plc Eyes 20 Trillion Cubic Feet of Venezuela Gas as LNG Crunch Tightens
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Shell Plc Eyes 20 Trillion Cubic Feet of Venezuela Gas as LNG Crunch Tightens

Shell is in advanced talks with Venezuela to access about 20 trillion cubic feet of offshore gas reserves near Trinidad and Tobago, sources said. The company aims to supply Trinidad’s Atlantic LNG plant, which ran below capacity in 2025 due to gas shortages. Shell confirmed interest in the Loran field and could decide on the Dragon project by year-end. Chevron is expected to exit some blocks, while Russian interests remain in two areas.
April 2, 2026
Shell Plc Eyes 20 Trillion Cubic Feet of Venezuela Gas Near Trinidad as LNG Crunch Deepens
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Shell Plc Eyes 20 Trillion Cubic Feet of Venezuela Gas Near Trinidad as LNG Crunch Deepens

Shell is in advanced talks with Venezuela to develop four offshore gas areas near Trinidad, potentially unlocking about 20 trillion cubic feet of gas for Atlantic LNG. The move comes as global LNG prices surge 85% since late February after the Iran war disrupted Qatari supply. Chevron may exit stakes in Loran, opening room for Shell. Russian interests and U.S. sanctions remain obstacles to final agreements.
April 1, 2026
Mineral Resources Limited Faces Fresh Onslow Iron Risk as Ashburton Port Stays Shut After Cyclone
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Mineral Resources Limited Faces Fresh Onslow Iron Risk as Ashburton Port Stays Shut After Cyclone

The Port of Ashburton remains closed after ex-Tropical Cyclone Narelle, disrupting Mineral Resources’ Onslow Iron exports, while Dampier reopened March 28. Pilbara Ports has not given a reopening time and says engineering checks will continue into next week. Onslow Iron shipped 17.3 million tonnes in the first half, helping MinRes cut net debt to A$4.9 billion by Dec. 31. Sea conditions are still limiting inspections at Ashburton.
March 29, 2026
Natural gas price drops toward $3 as mild forecasts bite; traders eye next EIA storage report
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Natural gas price drops toward $3 as mild forecasts bite; traders eye next EIA storage report

U.S. natural gas futures dropped nearly 6% Tuesday, with the March Henry Hub contract settling at $3.056 per mmBtu, as forecasts turned milder and supply rebounded. Morgan Stanley noted a 29% price pullback in February, citing weaker heating demand and higher Lower 48 output. Traders now await Thursday’s U.S. storage data for signs of tightening LNG demand.
February 17, 2026