Uncertainty Surrounds Dragon Gas Deal Amid U.S. Policy Changes

Acting Prime Minister Stuart Young has expressed uncertainty about the future of the Dragon gas deal with Venezuela following actions by the U.S. government. He remains committed to Trinidad and Tobago’s interests and emphasized the significance of the deal for the nation’s energy security. Young has engaged with U.S. officials and energy companies to clarify the situation amidst ongoing geopolitical developments.

Acting Prime Minister Stuart Young has expressed uncertainty regarding the viability of the Dragon gas deal with Venezuela in light of recent developments. He indicated that despite potential challenges, he will steadfastly advocate for the interests of Trinidad and Tobago as its future leader. Young’s remarks came following U.S. President Donald Trump’s announcement of the revocation of Venezuela’s oil export license, a decision attributed to the Venezuelan government’s failure to repatriate deported nationals.

In a follow-up statement, Young disclosed that he engaged with representatives from the United States Embassy and energy companies such as Shell and BP to obtain clarity about the implications of Trump’s actions. At this juncture, he revealed that no immediate adverse effects on Trinidad and Tobago have been noted but acknowledged the unpredictability of future U.S. policy decisions. He underscored the significance of the Dragon deal for the energy security of Trinidad and Tobago and for the stability of the Caribbean region.

Further addressing concerns raised by the Opposition Leader, Kamla Persad-Bissessar, regarding the gas deal, Young asserted that the agreement serves the interests of all citizens and is not aligned with any particular political party. He emphasized the projected gas supply due by 2027, which is expected to enhance foreign exchange earnings and support essential public services such as healthcare and education.

In response to inquiries about the financial transactions associated with the Dragon gas deal, Young confirmed the existence of a 30-year commercial agreement with Venezuela, clarifying that significant payments will not transpire until production commences. He acknowledged that while payments have been made, the specifics are confidential and handled by relevant corporate entities. Young refuted claims that the government had bankrolled Maduro’s administration, distinguishing between customary payments and financial support for the regime.

Young indicated that he has maintained communication with Venezuelan leadership while also refuting claims that insulting remarks made by the Opposition would not deter future diplomatic relations. He reassured citizens that he remains committed to representing Trinidad and Tobago’s interests amid shifting geopolitical dynamics. If the U.S. were to terminate licenses for the gas deals, Young indicated that negotiations would persist as they have in the past, reiterating his determination to advocate for Trinidad and Tobago’s future.

In conclusion, Acting Prime Minister Stuart Young has articulated the uncertainties surrounding the Dragon gas deal, particularly in light of recent actions by the U.S. government. He has reinforced his commitment to advocating for Trinidad and Tobago’s interests and emphasized the importance of steady diplomatic efforts. Young’s insights underscore the delicate balance of navigating international relations while securing essential resources for the nation.

Original Source: trinidadexpress.com