Trinidad and Tobago plans to ask U.S. President Donald Trump's administration to extend a license for Shell and Trinidad's National Gas Company (NGCTT.UL) to develop a key gas project in Venezuela, four sources close to the preparations said.

Trinidad and Tobago plans to request an extension from the US Government for a licence granted to Shell and the National Gas Company (NGC) to develop the Dragon gas project in Venezuela, reported Reuters,

Trinidad and Tobago is seeking an extension from the U.S. for a license to continue developing the Dragon natural gas field offshore Venezuela in partnership with Shell.

Trinidad and Tobago plans to ask the Trump administration to extend a license for Shell (NYSE:SHEL) and Trinidad's National Gas Company to develop the Dragon gas project in Venezuela, Reuters reported Tuesday.

Trinidad and Tobago is seeking US government approval to extend a license for Shell and the National Gas Company (NGC) to pursue the Dragon natural gas venture off Venezuela’s coast, as per a Reuters report.