Trinidad and Tobago will have conversations with the US about gas projects in Venezuela

Trinidad and Tobago Prime Minister Keith Rowley said Monday that he will try to «compromise and inform» the Donald Trump government of Trump of The importance of gas projects that are being developed with Venezuela for the energy security of the Caribbean region.

EFE

The president recalled that in 2018 a terms sheet was completed for the gas supply from the Dragon field and the exploration and production companies were preparing a development plan for the Loran-Manatí field.

However, Both initiatives were truncated due to the sanctions imposed by the US government.which prevented American companies from doing business with Petróleos de Venezuela SA (PDVSA).

Rowley recalled that the «American decision of 2018 denied Trinidad and Tobago access to the Dragon gas deposit, which was expected to enter into operation in 2020, and sterilized the Loran-Manatí project.»

Therefore, Rowley said that his government, with the support of the Caribbean Community (CARICOM) and the Dominican Republic, asked the United States Government A review of the sanctions imposed on the dragon gas project.

The president explained that it is expected that the Drillings in the inside play an important role in the world energy supply, since the new generation drilling platforms offer a faster configuration and less emissions.

The world investment in drilling sea is expected to increase 43,000 million dollars in 2025 to 64,000 million in 2030.

The Loren-Manatí cross-border natural gas deposit has 73% in Venezuela and 27% in Trinidad.

The Manatí field has calculated reserves of approximately 800 billion cubic meters of gas.

The government of Trinidad and Tobago stated in August that the oil agreement with Venezuela on the development of the Trafterizo Natural Loran-Manatí Natural Site will continue to move on regardless of the Venezuelan political situation.

Venezuela gave Trinidad and Tobago a license for the extraction and export of gas in December 2023with the participation of the British Hydrocarbons Company Shell, in the Dragon Field, located in waters of the Venezuelan State Sucre (Northeast), next to the Northwest Coast Trinitense.