Trinidad and Tobago Prime Minister Dr. Keith Rowley has issued a stark warning about the potential consequences if the Dragon gas deal with Venezuela fails. The deal, which is crucial for Trinidad and Tobago’s energy future, faces significant challenges due to geopolitical tensions and the need for U.S. approval.
Prime Minister Rowley emphasized that the success of the Dragon gas project is vital for maintaining Trinidad and Tobago’s economic stability. He noted that the country’s gas reserves are dwindling and that the Dragon field offers a critical lifeline to sustain the nation’s LNG and petrochemical sectors. Without this deal, Trinidad and Tobago could face severe economic difficulties, including insufficient revenue to fund essential public services such as healthcare and education.
The Prime Minister also addressed concerns about the U.S. license required for the project. He cautioned that if the U.S. revokes the license or if Venezuela does not allow Trinidad and Tobago to access the gas, the country would face significant financial challenges. This includes the potential inability to pay for public services and maintain subsidies that many citizens rely on.
Rowley urged citizens not to wish for the failure of the deal, emphasizing that its success is essential for the nation’s well-being. He highlighted the importance of supporting the government’s efforts to secure the country’s economic future, rather than undermining them with negative sentiments.
The Dragon gas deal is part of a broader agreement between Trinidad and Tobago and Venezuela, which involves the development of the Dragon gas field located in Venezuelan waters. The project aims to supply Trinidad with significant amounts of natural gas, which would be processed into LNG for export. However, the project’s success is contingent on maintaining favorable diplomatic relations and securing necessary international approvals.
As Trinidad and Tobago navigates these complex geopolitical waters, the government is working to ensure that the deal remains on track. The Prime Minister’s warnings underscore the high stakes involved and the need for national unity in supporting this critical economic initiative.
