The T&T/Venezuelan Dragon Gas plan has not yet been signed, Energy Minister Franklin Khan told Parliament yesterday. He said
a gas sales agreement which would be the legally binding agreement is expected to be signed in the coming months.
The minister's reply caused an uproar from the Opposition benches which had been seeking to ascertain how firm the project is for T&T given the crisis in Venezuela. Opposition MPs howled in surprise when Khan said the legally binding document is yet to be signed.
Khan said the T&T Government signed a Heads of Agreement document with the Nicolas Maduro administration on December 5, 2016, and a Term |Sheet was signed on August 25, 2018. He said the completion timeframe for the project is 12 to 18 months and the last thing to be signed will be the gas sales agreement, and first gas is projected for 2021.
Oropouche East MP Roodal Moonilal then asked if there is a legally binding document to claim that gas will be obtained at some point. Khan said individual companies couldn't sign commercial agreements without the Heads of Agreement document. He said the gas sales agreement is the real binding document.
Also addressing Parliament was National Security Minister Stuart Young who confirmed that the Foreign Affairs Minister Dennis Moses would be speaking with his Venezuelan counterpart on strengthening border security in light of the crisis affecting T&T's closest neighbour.