Recent pronouncements about the official exclusion of Shell from the Mariscal Sucre project, and the decision by the Venezuelans to 'go it alone' in developing natural gas reserves in the northern Gulf of Paria, seemed to strike a death knell not only to the Anglo-Dutch supermajor's hopes of driving a Venezuelan LNG project but also recent negotiations with Petrobras aimed at allowing the Brazilian company to develop the condensate-rich Rio Caribe and Mejillon fields.

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