Page 4 - LatAmOil Week 09 2023
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LatAmOil COMMENTARY LatAmOil
Rowley (L), shown meeting with Guyana’s President Irfaan Ali (C) in August 2022 (Photo: OPM.gov.tt)
Stumbling block for T&T’s
regional energy ambitions
Guyana and Venezuela offer two different examples of responses to
Trinidad and Tobago’s offer to use existing oil and gas infrastructure
TRINIDAD and Tobago’s Ministry of Energy gain any significant momentum until this year,
and Energy Industries (MEEI) is slated to begin when the US government granted Trinidad and
WHAT: official negotiations with Venezuela before the Tobago a five-year exemption from sanctions on
Trinidad and Tobago aims end of March on joint development of Dragon, investment in Venezuela’s oil and gas industry.
to be a Caribbean oil and a natural gas field near the maritime border
gas hub, according to PM between the two countries. Regional hub plan
Keith Rowley. Port of Spain is looking to revive previously According to Keith Rowley, the island nation’s
discussed plans for extracting gas from the field prime minister, the progress being made on the
WHY: and piping it across the sea floor to Hibiscus, a Dragon project is a sign of Trinidad and Toba-
The island state is offer- nearby offshore field that Shell (UK) is develop- go’s ability to function as a hub of the Caribbean
ing access to its produc-
tion, transportation and ing is partnership with National Gas Co. of Trin- energy sector. The country is ready, willing and
processing facilities. idad and Tobago (NGC). It hopes to see NGC able to co-operate with its neighbours and offer
work with Venezuela’s national oil company up its infrastructure in order to optimise the
WHAT NEXT: (NOC) PdVSA to turn Dragon into a source of use of the region’s natural resources, he said in
Guyana has consistently gas supply for Trinidad and Tobago’s domestic mid-February.
chosen to develop its own market and for the Atlantic LNG plant. He also played up the wide range of facilities
capabilities rather than The parties first reached an agreement on that Trinidad and Tobago was willing to open up
lean on its neighbour. this project in late 2018 but were not able to to outside investors.
P4 www. NEWSBASE .com Week 09 01•March•2023
