Prime Minister Dr. Keith Rowley warns about potential crises linked to the Dragon gas deal with Venezuela. He highlights the importance of gas revenue for public services and cautions that U.S. sanctions or a failed deal could threaten Trinidad and Tobago’s economy. Rowley’s comments emphasize the need for national support for energy initiatives and proactive leadership in safeguarding the country’s financial future.
In a recent address, Prime Minister Dr. Keith Rowley of Trinidad and Tobago warned of potential crises stemming from the Dragon gas deal with Venezuela. He expressed confidence in the country’s agreements while cautioning that revocation of the U.S. license or Venezuela’s refusal to permit gas access could lead to severe financial consequences for Trinidad and Tobago. Rowley emphasized the nation’s reliance on gas revenue for essential services like hospitals and schools.
During the ceremony for the Port of Spain General Hospital’s Central Block, Rowley rebutted opposition claims that the Dragon gas project had failed. He urged citizens to support the initiative, stating, “So I am asking the rest of you to send your telepathic power to overcome this negative nonsense about the failure of the Dragon deal.” He highlighted the importance of energy deals for the nation, explaining that without them, Trinidad and Tobago would face dire economic challenges.
The Prime Minister reiterated the historical context in which securing agreements from Venezuela was accomplished amidst shifting geopolitical landscapes and U.S. sanctions. He emphasized strong leadership in navigating these challenges and described the successful acquisition of a license from the Office of Foreign Assets Control (OFAC) as crucial for sustaining the economy. He warned, “If you see us losing that OFAC licence, as you will see in the news if that happens, then you know that your coo coo is cooked.”
Rowley further elaborated on the implications of depleting gas reserves, questioning the future of Trinidad and Tobago and its revenue sources. He explained that while the gas will not deplete immediately, the effects will be felt as early as eight or nine years from now. He warned that insufficient gas supply would hinder revenue generation, impacting public services reliant on government subsidies for medical care, education, and utilities, and mentioned the potential ramifications of seeking IMF assistance, which would involve stringent conditions.
The statements by Prime Minister Dr. Keith Rowley underscore the critical nature of the Dragon gas deal with Venezuela for the economic stability of Trinidad and Tobago. He warns that the cancellation of agreements or U.S. sanctions could have grave repercussions for national finances and public services. Rowley’s call for unity and support for the gas initiative reflects a deep understanding of the interconnectedness of energy resources and the nation’s financial health.
Original Source: www.stabroeknews.com
