AMCHAM T&T Welcomes U.S. Government License For Sanctions Exemptions To Develop Venezuela Off-Shore Gas Field

MEDIA RELEASE
26/01/2023

AMCHAM T&T welcomes the decision by the Biden-Harris administration to grant a license to Trinidad and Tobago to work with PDVSA to develop Venezuela’s Dragon gas field.

AMCHAM T&T would like to congratulate the Government of the Republic of Trinidad and Tobago (GORTT) for its work in bringing the Caribbean together on this issue and for the sustained engagement with the U.S. Administration and, in particular the Office of the Vice President, that led to the issuing of this license which was issued by the U.S. Treasury Department after high-level discussions with top U.S. officials, including U.S. President Joe Biden and VP Kamala Harris.

We note that Prime Minister Dr. the Hon. Keith Rowley led engagement on this issue and the Hon. Stuart Young, Minister of Energy and Energy Industries was instrumental in progressing this issue. This demonstrates how pivotal leadership around a clearly defined objective can be.

We also recognize the work done by Ambassador Candace A Bond and the team at the U.S. Embassy in T&T.

AMCHAM T&T is optimistic that this license will strengthen our nation's energy security, which will also prove beneficial to other countries in this hemisphere and beyond.

This new development will allow some of the pre-work to be progressed so it is a very positive step and we are optimistic that the details that would allow gas to flow can be worked out in short order.

END.