Acting Prime Minister Stuart Young cannot guarantee the survival of the Dragon gas deal with Venezuela, especially following President Trump’s recent revocation of the oil export license. Young continues to engage with international partners and emphasizes the project’s significance for Trinidad and Tobago’s energy security. He highlights ongoing diplomatic efforts and the importance of diversifying energy sources amidst these uncertainties.
Acting Prime Minister Stuart Young has expressed uncertainty regarding the future of the Dragon gas deal with Venezuela. Despite this, he remains committed to advocating for Trinidad and Tobago. Following President Trump’s announcement to revoke the oil export license for Venezuela, Young engaged with U.S. Embassy representatives and energy firms to assess potential impacts on Trinidad and Tobago’s energy sector.
Young emphasized the importance of the Dragon gas project for the country’s energy security and regional stability, stating, “Can we provide any assurance at this stage? The answer is obviously no. Are we engaged with the right people? We believe we are.” He condemned attacks from Opposition Leader Kamla Persad-Bissessar against Prime Minister Rowley regarding the Venezuelan gas deal and reiterated that it serves the interest of all citizens.
In response to inquiries about financial engagements with the Venezuelan government, Young confirmed, “The answer is yes, payments have been made with respect to Dragon,” while noting he could not disclose specifics. He assured that Trinidad and Tobago would maintain diplomatic efforts, irrespective of potential U.S. sanctions that could affect the gas deals.
Young acknowledged discussions with the Venezuelan government and highlighted the partnerships with Shell and BP, stating that their involvement is crucial for ongoing project development. Despite the uncertain political climate, he noted the government’s strategies to diversify energy resources, mentioning the Loran-Manatee gas field as an alternative opportunity. Moreover, discussions for future engagements with U.S. officials are planned, ensuring the government is proactive in its diplomatic efforts.
In summary, Acting Prime Minister Stuart Young has raised concerns about the stability of the Dragon gas deal with Venezuela amid recent U.S. policy shifts. He continues to pursue engagement with international partners to safeguard Trinidad and Tobago’s energy interests. Young emphasizes the significance of this gas project not only for national security but also for regional stability, while underlining the government’s commitment to exploring diverse energy opportunities for the future.
Original Source: trinidadexpress.com
