Trinidad Govt seeks advice on Dragon Field gas plan
overnment is seeking advice to ascertain the effect on its Dragon Field gas plan of the US Government’s sanctions on Venezuela’s Petroleos de Venezuela (PDVSA) oil company, Communication Minister Stuart Young has said.
Young confirmed this in the Senate replying to Opposition questions after the US this week dropped sanctions on PDVSA, increasing pressure on the embattled Nicolas Maduro administration. The US is supporting Venezuelan National Assembly head Juan Guaido who declared himself President last week.
As instability continued in T&T’s neighbour, the US State Department also increased its travel advisory on Venezuela to the highest level, warning citizens not to travel there due to “crime, civil unrest, poor health infrastructure, and arbitrary arrest and detention of US citizens. The US said it has limited ability to provide emergency services to US citizens in Venezuela.
In the Senate, Young replying on the Dragon Gas field project which T&T has with Venezuela, said: “The recent sanctions imposed by the US on PDVSA are currently the subject of advice; we’re seeking advice to understand how it may—and I emphasise the word ‘may’—affect the Dragon Field plan.”
“It’s very premature at this stage to say what, if any effect it (sanctions) may have,” Young added. Last week, Energy Minister Franklin Khan had confirmed that the document which would make the Dragon Field plan legally binding between T&T and Venezuela hasn’t been signed yet although heads of agreement and another document was done. Young also said that the Cedros Port will remain closed indefinitely due to an overflowing cesspit.
This has affected the Cedros building housing Immigration, Customs and police officers. The Cedros port has been the entry point to T&T for numerous Venezuelans over the years, and moreso recently as tensions began building in Venezuela affecting that country’s economy.
Young said his ministry has asked the Works Ministry’s Engineering Division to do an assessment of the cesspit problem situation and make recommendations for rectifying it.
He couldn’t say when the port would be reopened since his ministry is awaiting an assessment and recommendation from the Works Ministry.