Prime Minister Dr Keith Rowley says the United States decision to waive sanctions against Venezuela, clearing the way for Trinidad and Tobago to import natural gas from our neighbours, is “a significant and happy day” for him, his team, the people of Trinidad and Tobago and Caricom.
Rowley made the comment yesterday in response to a question about what the opportunity to develop the Dragon Gas Field would mean for the country financially. Working the math, the Prime Minister said T&T could benefit to the tune of around US$450 million with a “decent profit on the margin.”
“The United States Government has today approved Trinidad and Tobago’s development of the Dragon Field via an OFAC Waiver from sanctions with specific terms to be finalised,” Dr Rowley had read just moments before from a written statement during a press conference at the Diplomatic Centre.
“What this means is that the restrictions on the Dragon Gas Field development are now relieved and all relevant parties can progress the plans to result in natural gas from Venezuela.”
