Acting Prime Minister Stuart Young expressed uncertainty regarding the survival of the Dragon gas deal with Venezuela following recent U.S. government actions. He emphasized the deal’s significance for Trinidad and Tobago’s energy security and economic stability. Young condemned calls for sanctions against Venezuela and assured that his government will continue to engage diplomatically with U.S. officials and relevant energy partners to navigate potential challenges. He remains committed to advocating for the country’s interests.
Acting Prime Minister Stuart Young stated that he could not guarantee the success of the Dragon gas deal with Venezuela. If this deal were to collapse, he emphasized his commitment to tirelessly advocate for Trinidad and Tobago as its leader. Young’s remarks followed announcements from U.S. President Donald Trump regarding the revocation of Venezuela’s oil export license due to its failure to repatriate deported nationals.
On social media, President Trump criticized prior concessions made by President Joe Biden to Venezuelan leader Nicolás Maduro, insisting upon the need for compliance with electoral conditions that were supposedly unmet. Senator Marco Rubio echoed Trump’s sentiments through X, pledging to assist in terminating all oil and gas licenses established during the Biden administration that he views as support for Maduro. Young convened a Cabinet meeting and then addressed the media, outlining the implications of these developments.
Currently, Prime Minister Dr. Keith Rowley is in California on a private trip, with no announced date for his return. Young acknowledged the urgency of engaging with U.S. Embassy officials in Trinidad and Tobago, as well as energy partners like Shell and BP, to assess the situation. He reported that, at present, there have been no indications of negative consequences for Trinidad and Tobago stemming from the U.S. actions.
Nevertheless, he admitted the unpredictability of future U.S. decisions. Young underscored the significance of the Dragon gas agreement for Trinidad and Tobago’s energy security, the stability of CARICOM, and geopolitical relations. He stated, “Can we provide any assurance at this stage? The answer is obviously no. Are we engaged with the right people? We believe we are.”
In response to criticisms from Opposition Leader Kamla Persad-Bissessar, Young defended the gas deal’s importance to all citizens, asserting it is not solely a benefit for any political party. He highlighted that the anticipated gas supply by 2027 would fortify foreign exchange, support national expenses, and facilitate healthcare and education initiatives. He cautioned that calls to sanction Venezuela could jeopardize Trinidad and Tobago’s interests.
Young addressed concerns surrounding the Dragon gas deal’s stability, asserting that Trinidad and Tobago has established a 30-year agreement with Venezuela for gas production. He clarified that no substantial financial commitments had been made yet, as payments would commence only after the onset of production and royalties. However, he acknowledged that some payments related to the Dragon venture had been made, although he could not specify the amounts due to contractual confidentiality.
When probed about Venezuelan reactions to the current political climate, Young maintained diplomatic discretion, noting concerns expressed during prior visits to Venezuela. He confirmed ongoing communications with Venezuelan leadership and criticized opposition accusations directed at Maduro, who he regards as a legitimate head of state. Young remains optimistic about the future of the gas deals, asserting that Trinidad and Tobago would continue engagement regardless of external pressures.
He conveyed confidence in Trinidad and Tobago’s strong partnership with Shell and BP, recognizing their capacity to operate in challenging regions. Additionally, he mentioned plans for diversification beyond reliance on the Dragon gas field and stressed the potential of the Loran-Manatee gas field. Young noted that legal counsel would be sought regarding compliance with U.S. regulations affecting the gas agreements. Furthermore, he acknowledged the lack of a U.S. Ambassador in Trinidad and Tobago yet assured ongoing interaction with embassy officials.
Young concluded by voicing his commitment to advocacy for Trinidad and Tobago’s interests, stating, “I will fight for this country. I will do everything I can to advocate for T&T.” He expressed optimism about discussions with U.S. officials during appropriate moments, prefacing that significant dialogues are forthcoming.
In summary, Acting Prime Minister Stuart Young cannot assure the survival of the Dragon gas deal with Venezuela, particularly following recent U.S. policy shifts. He pledges to advocate for Trinidad and Tobago and emphasizes the deal’s importance for the nation’s energy and economic future. Young also highlights the necessity for prudent engagement concerning international relations and the potential impacts of U.S. sanctions. Ultimately, he remains hopeful for the opportunities that the gas deals present while preparing for continued dialogue with American officials.
Original Source: trinidadexpress.com
