Trinidad and Tobago's Prime Minister Keith Rowley on Friday told Parliament his government had been in touch with Venezuela following a U.S. license to jointly develop a key gas field, and the first meetings to begin negotiations have been set up.
The Dragon field is owned by Venezuelan state oil company PDVSA, which discovered the gas reserves and built the field's infrastructure. But the project has remained idled for over a decade on a lack of investment and U.S. sanctions.
A delegation from Trinidad and Tobago led by energy minister Stuart Young is expected to visit Caracas in the coming days to begin discussions on the Caribbean nation's aims of importing Venezuelan gas, according to three people familiar with the matter.Even though the U.S. license authorizes companies from Trinidad to do business with PDVSA, a set of agreements signed in 2018 by Trinidad and Venezuela must be renegotiated in order to progress to specific contracts, the people said.
The U.S. license to Trinidad bans any cash payments to the administration of Maduro, who lashed out at Washington's restrictionsReporting by Curtis Williams; Editing by Jonathan Oatis and Rosalba O'Brien
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