Venezuela will export natural gas to Trinidad and Tobago, after a license issued by the Office of Foreign Assets Control (Ofac) of the United States this Wednesday to the Caribbean island, reported the Trinidadian Prime Minister, Keith Rowle.
“My government has focused on the potential and possibility of developing, producing and processing Venezuelan gas in Trinidad and Tobago; we spent a lot of time, effort and energy negotiating a trade terms sheet in 2018, but development was halted due to the sanctions the United States imposed in 2019,” Rowley said.
The prime minister of the neighboring country maintained that the license improves energy security
for the region and Europe.
“What this means is that the restrictions on the development of the PDVSA-Dragon gas field have now been eased and all parties can move forward with plans so that
natural gas from Venezuela to flow from these proven reserves to Trinidad and Tobago and then to the Caribbean, Europe and other markets, bringing many humanitarian benefits to the
Venezuelan population and greater energy security in the Caribbean”, he pointed out.
“The United States sanctions against Venezuela have had a negative effect on
trade and cooperation within the sub-region,” said Rowle, who is concerned about the collateral effects of coercive measures on other Caribbean countries.
