Acting Prime Minister Stuart Young has warned about the uncertain future of the Dragon gas deal with Venezuela following U.S. sanctions. He reaffirmed commitment to Trinidad and Tobago’s interests, emphasizing the deal’s importance for energy security. Young addressed concerns regarding payments to Venezuela and stressed the government’s active discussions with energy partners and U.S. officials to mitigate risks.
Acting Prime Minister Stuart Young has expressed uncertainty regarding the viability of the Dragon gas deal with Venezuela. Despite the challenges, he emphasized his commitment to advocate for Trinidad and Tobago’s interests. Recently, U.S. President Donald Trump revoked a license that permitted the Venezuelan government to export oil to the United States, citing Venezuela’s failure to accept deported nationals. Young is coordinating with U.S. Embassy officials and energy companies to clarify the implications of this decision for Trinidad and Tobago.
During a press conference, Young outlined the significance of the Dragon gas deal, noting it is crucial for the nation’s energy security and economic stability. He acknowledged that while there has been no immediate adverse impact from U.S. actions, predicting future governmental decisions remains uncertain. Young condemned the opposition’s criticism of Prime Minister Dr. Keith Rowley, insisting that the gas deal benefits all citizens and is not a political issue.
When questioned about potential financial contributions to the Venezuelan government, Young clarified that Trinidad and Tobago has a long-term commercial agreement concerning the Dragon gas field. Payments related to the project have been made, although he could not disclose specific amounts. He retained diplomatic discretion regarding comments made by the Venezuelan government in response to local political rhetoric.
Young reassured the public of his unwavering commitment to fight for the country’s interests regarding the gas deals, whether or not they proceed smoothly. He noted collaboration with reputable companies like Shell and BP, emphasizing their role in enhancing Trinidad and Tobago’s energy landscape. Young also acknowledged the importance of the Loran-Manatee gas field as another potential source of revenue without solely depending on the Dragon deal.
In light of the changing energy landscape, Young expressed the government’s intention to diversify its energy portfolio while maintaining consistent communication with U.S. officials. As he prepares for deeper discussions with U.S. leadership, Young is optimistic about Trinidad and Tobago’s future energy opportunities.
In conclusion, Acting Prime Minister Stuart Young has communicated the precarious nature of the Dragon gas deal with Venezuela amid recent U.S. policy changes. He has pledged to fight for Trinidad and Tobago’s interests, highlighting the deal’s significance for national energy security and economic stability. Young’s proactive engagements with U.S. officials and energy companies underscore the government’s commitment to navigate the complexities of international energy agreements and ensure the nation’s energy diversification.
Original Source: trinidadexpress.com
