Challenges Surrounding the Dragon Gas Deal with Venezuela:…

Acting Prime Minister Stuart Young highlighted the uncertainties surrounding the Dragon gas deal with Venezuela following a U.S. license revocation. While engaging with U.S. officials and energy partners, he emphasized the deal’s significance for Trinidad and Tobago’s energy security. Young stated his commitment to advocacy regardless of the deal’s outcome and pointed out the need for diplomatic respect towards Venezuela.

Acting Prime Minister Stuart Young stated that he cannot ensure the Dragon gas deal with Venezuela will survive. Should the deal not go through, he pledged to advocate for Trinidad and Tobago as its future leader. Young made these remarks following a recent announcement by U.S. President Donald Trump, who revoked a license allowing Venezuela to export oil to the U.S. due to the latter’s failure to repatriate deported nationals.

Young indicated he quickly engaged with U.S. Embassy officials and energy companies like Shell and BP to assess the situation. He emphasized that, at present, there have been no signs that the revocation would negatively affect Trinidad and Tobago. However, he acknowledged the unpredictability of U.S. government actions in the future.

The Dragon gas deal is vital for Trinidad and Tobago’s energy security and geopolitical relationships. Young maintained that while he cannot guarantee the deal’s safety, they remain active in discussions with stakeholders. He criticized the Opposition Leader, stating that the gas deal serves all citizens, not just political factions, and can secure the country’s finances and socio-economic structures.

During a media briefing, Young dismissed claims that Trinidad and Tobago had financially supported the Venezuelan government. He explained the nature of T&T’s 30-year agreement with Venezuela, clarifying that significant payments linking to the Dragon deal had not yet commenced. Despite the presence of some payments, he noted that these were standard practice in the oil sector and did not signify financial backing for the Maduro regime.

Young also commented on past remarks made by Opposition Leader Kamla Persad-Bissessar regarding Maduro, highlighting the significance of maintaining respectful diplomatic communication. He asserted that Trinidad and Tobago continues to communicate with Venezuelan leadership and is committed to upholding its diplomatic relations.

In response to potential U.S. actions that might terminate licenses related to the Dragon deal, Young reaffirmed his commitment to advocacy for Trinidad and Tobago, regardless of circumstances. He provided assurance to the citizens, promising to explore all possibilities to secure the nation’s interests effectively. Young expressed confidence in partnerships with Shell and BP, highlighting their roles in facilitating energy production despite geopolitical upheavals.

Moreover, he mentioned the importance of diversification in T&T’s energy sources beyond the Dragon gas project, signaling other potential developments like the Loran-Manatee gas field. Young remarked on the ongoing transition in U.S.-T&T relations, emphasizing constant communication with U.S. officials while also planning further engagement with high-ranking U.S. representatives when appropriate, including requests for direct meetings with Trump or Rubio.

In conclusion, Acting Prime Minister Stuart Young outlined the precarious position of the Dragon gas deal with Venezuela, acknowledging the challenges posed by recent U.S. policy changes. He reinforced his commitment to Trinidad and Tobago’s energy security and income stability, while clarifying previous rumors around financing Maduro’s administration. Young emphasized the importance of maintaining diplomatic channels and exploring additional energy opportunities beyond the Dragon project amid changing geopolitical landscapes.

Original Source: trinidadexpress.com