National Security and Minister in the Office of the Prime Minister, Stuart Young, yesterday met with Venezuelan President Nicolas Maduro in Caracas for discussions on matters of energy and national security.
The Office of the Prime Minister confirmed the visit via a media statement yesterday evening.
It said Young visited Caracas, Venezuela during the day to discuss matters of interest to the Bolivarian Republic of Venezuela and the Republic of Trinidad and Tobago.
“Minister Young met with President Nicolas Maduro, Vice President Delcy Rodriguez, Minister for Internal Relations, Justice and Peace, Nestor Reverol, Minister of Energy, Manuel Quevedo, Minister of Foreign Affairs, Jorge Arreaza and Vice Minister for the Caribbean/Ambassador to Caricom, Raúl LiCausi,” the statement said.
Trinidad and Tobago has continued to recognise Maduro as Venezuela’s president, despite many countries, including the United States, recognising the head ofthe National Assembly, Juan Guaidó instead.
Trinidad and Tobago have been in discussions with Venezuela over the Dragon Field between the two countries.
On August 27, 2018, Prime Minister Dr Keith Rowley and Maduro signed an agreement in Caracas that will allow the island to access gas from the Dragon Field.
Rowley had told the media then, “We may have been able to save our industry by getting a secure source of gas for the downstream sector. It may over time also allow us to look at the expansion of the downstream sector and investments there, as long as we can show investors we have a secured stream of gas.”
The Prime Minister was not willing at the time to disclose the price of the gas, pointing to commercial confidentiality, but he revealed it will be 150 million standard cubic feet per day (mmscf/d), with the possibility of it increasing to 300 mmscf/d.
The pipeline carrying the gas from Venezuela’s Dragon Gas field in Eastern Venezuela to Shell’s Hibiscus platform off the North Coast will be built and owned in a joint venture between the NGC and Shell Trinidad. The estimated cost of the construction of the pipeline is close to TT $1 billion.