Acting Prime Minister Stuart Young highlighted concerns about the Dragon gas deal with Venezuela in light of U.S. President Trump’s revocation of an export license. He expressed unwavering commitment to advocate for Trinidad and Tobago’s interests while indicating the deal’s importance for energy security and foreign relations. Young also emphasized maintaining communication with energy partners and plans for diversification in the energy sector.
Stuart Young, the Acting Prime Minister of Trinidad and Tobago, stated that he cannot assure the survival of the Dragon gas deal with Venezuela. Following the announcement from U.S. President Donald Trump regarding the revocation of a license that permitted Venezuela to export oil to the U.S., Young expressed his commitment to advocate for Trinidad and Tobago’s interests if the deal fails. He emphasized the significant role of the Dragon deal in ensuring energy security and maintaining the country’s foreign relations.
During a recent Cabinet meeting, Young clarified that he has engaged with U.S. Embassy officials and energy companies such as Shell and BP to seek clarity on the implications of Trump’s actions. Although he indicated there were no immediate negative effects on Trinidad and Tobago, he acknowledged the unpredictability of future U.S. government decisions involving Venezuela. Young highlighted that the Dragon gas deal was vital for Trinidad and Tobago’s energy independence and regional stability.
Addressing the opposition’s comments, Young condemned the remarks made by Opposition Leader Kamla Persad-Bissessar regarding the Venezuelan government and reiterated that the gas deal is intended for the benefit of the nation’s citizens. He pointed out the prospective benefits of the gas supply expected by 2027, which would assist in achieving national economic stability.
Young responded to inquiries regarding any financial support provided to the Venezuelan government, maintaining that Trinidad and Tobago has a commercial agreement but specific payment details cannot be disclosed. He clarified that payments have indeed been made concerning the Dragon gas agreement; however, these payments would not be considered as funding for Maduro’s administration. Young noted the importance of diplomatic courtesy in discussing Venezuela’s reaction to the opposition’s statements while acknowledging ongoing communication with Venezuelan leadership.
He assured the public that regardless of potential U.S. sanctions affecting the Dragon and Cocuina-Manakin deals, the government would persist in its negotiations. Young assured citizens that he will advocate for Trinidad and Tobago’s best interests, regardless of international challenges. He expressed appreciation for Shell’s partnership and mentioned BP’s recent positive outlook on Trinidad and Tobago’s energy sector.
Young further noted plans for diversification in energy resources, highlighting the Loran-Manatee gas field as a promising opportunity while maintaining focus on the Dragon deal as a contributor to production levels. He mentioned that requests for direct meetings with U.S. officials would be pursued at an appropriate time, emphasizing his commitment to strategic discussions with their government.
In summary, Acting Prime Minister Stuart Young addressed the potential challenges facing the Dragon gas deal with Venezuela, particularly in light of recent U.S. policy changes. He reiterated his dedication to safeguarding Trinidad and Tobago’s energy interests and maintaining diplomatic relations. Young’s ongoing engagement with international partners underlines his commitment to the country’s energy security and economic stability.
Original Source: trinidadexpress.com
