Amidst the protests and political uncertainty in Venezuela following the recent presidential election, its gas agreements with Trinidad and Tobago will go forward.
This was confirmed by Acting Prime Minister and Minister of Energy and Energy Industries Minister Stuart Young yesterday as he confidently assured that all the state’s ongoing energy projects will continue.
Speaking at the opening of the largest solar park located in a Caribbean airport, Piarco International Airport yesterday, Young said, “The recent projects that we have succeeded with, right next door with Venezuela, Dragon (gas deal), Cocuina (Cocuina-Manakin cross-border gas field), developing Manatee (gas field), I just marked the spot to say we will continue to do these projects for the people of Trinidad and Tobago.”
“Our economy is based on oil and gas, and we are committed to developing it and to earning the revenue streams to be able to provide decent standards of living for our citizens but the difference with Trinidad and Tobago is we are going to do it in a responsible manner.” He added.
Additionally, Young said the more renewables that can be built onto our national grid, the more molecules of gas we will sell.
Speaking of other energy projects on the way, which will aid the development of a cleaner and greener Trinidad and Tobago, Young said, “Trinidad and Tobago is currently constructing in Brechin Castle in the central of Trinidad, the largest solar utility-scale power generating solar project in the Caribbean region. It’s about 90.2 megawatts of electricity that would feed into our grid, Project Lara.”
This, he added, will earn revenue for our economy which will pay for free education, health and other amenities afforded to citizens.
He said the Cabinet has also approved the building of a pilot project for green hydrogen.
And, the next focus will be wind energy.
