PORT OF SPAIN, Trinidad – Prime Minister Dr. Keith Rowley says Trinidad and Tobago and Venezuela “in the spirit of good neighborliness” have formalized their agreement regarding the profit-sharing accord with Caracas to export gas from the South American country’s Dragon gas field.
Energy Minister Stuart Young (right) signing agreement with Venezuelan officials in Caracas (Photo Courtesy Prime Minister Dr. Keith Rowley’s Facebook page)“We have secured the licence to the Dragon gas field! Yes, in the spirit of good neighbourliness, the dragon can dance,” Rowley wrote on his Facebook page, showing also a picture of Energy and Energy Industries and Minister in the Office of the Prime Minister, Stuart Young signing an agreement with Venezuelan officials.
“Congratulations to the people of Venezuela and the people of Trinidad and Tobago, a door to a new commercial frontier has been opened for the benefit of all our people,” he added.
In January, the United States waived sanctions against Venezuela, clearing the way for the twin island republic to develop the Dragon Gas field.
In October, Young updated Parliament on the 4.2-trillion-cubic-feet Dragon project, which has remained stalled for more than a decade due to lack of investment and, more recently, U.S. sanctions on Venezuela.
In September Venezuelan President Nicolas Maduro described the two countries “as good neighbours and brothers” and that they had “taken a gigantic step” in signing the agreement to work the Dragon field in Venezuelan waters”.
He said that the agreement “ will lead us to produce together a project that is lost from sight. It is a message of peace, of complementarity, solidarity, exercised and shared sovereignty”.
