JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Wednesday, May 21, 2025

Khan: Dragon deal not yet signed

by

Gail Alexander
2307 days ago
20190125

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.


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored