The new government of Trinidad and Tobago, one of the main exporters of LNG, He wants to open conversations with the administration of the president of the United States, Donald Trump, about access to natural gas fields on the border with Venezuela.
The United National National Congress Leader (CNU), Kamla Persad-Bissssar, will be the new Caribbean state minister of 1.5 million inhabitants after the party won the general elections, ending 10 years of administration of the National Congress of the People (PNC) of Stuart Young. The UNC won 26 seats from the 41 members of the Assembly.
«We will work with the Trump administration to see How discussions can be reopened with the Venezuelan government over cross -border gas fields«, Said the Energy spokesman of the UNC, David Lee. It is expected to read will be appointed Minister of Energy.
«We have no closed doors in this matter«Lee said. “We will involve directly with the United States, so you will trust us to solve our cross -border problems.”
Impact on Trinidad’s economy
The economy of Trinidad and Tobago, with gas scarcity, was affected earlier this month by the revocation by the Trump government of the licenses granted by the administration of US former president Joe Biden to Trinidad.
The exemptions exempt from the sanctions for certain works to develop two gas fields that extend on both sides of the maritime border with Venezuela.
Access to Dragon and Manakin-Cocuina Gas fields It is “vital” to reverse the fall in Trinidad gas productionsaid Young.
Trinidad has been struggling to recover the flow of natural gas since November 2017, after a long fall from a maximum of 4.3 BCF/D in 2010. Gas production in 2024 was 2.53 BCF/D, and the fall in production suppressed the production of LNG, petrochemicals and fertilizers.
Trinity LNG production in 2024, 16.7 million m³, decreased 4.6% compared to 2023, according to the latest data from the Ministry of Energy.
The Atlantic liquefaction of 11.8 million tons per year in southwest Trinidad, which is the majority property of Shell and BP, is the only GNL producer in Trinidad.
Crude production has also decreased, moving from a maximum of 144,400 b/d in 2005 to 50,854 b/d in 2024, according to the Ministry of Energy.
The decrease in raw raw material contributed to the closure in 2018 of the Guaracara State Refinery, 160,000 barrels per day.
Young’s administration failed in several attempts to attract foreign investors to reopen the plant. Last month, the Government selected the Nigeriana Petroleum and Gas Private company Oando to lease and operate the refinery.
But the incoming administration of UNC will end the negotiations with Oando to reopen the refinery and seek new investors for the plant, the party said.
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