T&T and Venezuela have moved one step closer to finalizing the terms and agreement surrounding gas supply between the two countries.
A release issued by the Office of the Prime Minister (OPM) yesterday said that a meeting between a Venezuelan contigent and representatives from T&T took place yesterday to continue discussion on cross-border gas supply from the Bolivarian Republic of Venezuela
“Prime Minister, Dr the Honourable Keith Rowley met with a high-level delegation from the Bolivarian Republic of Venezuela today (Wednesday 24 January, 2018) as negotiations regarding the supply of natural gas to Trinidad and Tobago continues to progress.” the release said.
According to the release the Venezuelan contingent was led by president of the National Constituent Assembly, Delcy Rodriguez, and included Venezuela’s Minister of the People’s Power for Oil/President of PDVSA, Manuel Quevedo, vice-minister for the Caribbean-Ministry of the People’s Power for Foreign Affairs, Mr. Raul Licausi and Ambassador of the Bolivarian Republic of Venezuela to the Republic of Trinidad and Tobago, Her Excellency Coromoto Godoy.
T&T was represented at the meeting by minister of Energy and Energy Industries, Franklin Khan, Minister of Foreign and CARICOM Affairs, Dennis Moses and Minister in the Ministry of the Attorney General and Legal Affairs and the Office of the Prime Minister, Stuart Young.
The release added: “Discussions at the meeting were fruitful and both parties are very close to signing a final agreement.”
T&T and Venezuela have been locked in discussions to develop gas in the Loran/Manatee fields that straddle the countries’ maritime borders.
The Loran-Manatee field has an estimated 10.25 trillion cubic feet of gas of which roughly 74 per cent belongs to Venezuela with 26 per cent belonging to T&T.
Both countries have also signed a Heads of Agreement (HoA) in March 2017 on a gas connection project that will run from the Dragon field in Sucre state to the northeast of Venezuela from the Pdvsa Mariscal Sucre project to the Hibiscus platform in T&T operated by Shell and the National Gas Company Of T&T.
First gas from Dragon, which contains 2.4tcf of reserves, is expected in 2020
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Con información de: The trinidad Guardian
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