Former prime minister Stuart Young Wednesday described as an ‘irony’ the announcement by the United States government that it would support the Trinidad and Tobago government’s Dragon gas proposal with Venezuela as Washington acknowledge the importance of energy security to the twin island republic.
A statement issued following talks between Prime Minister Kamla Persad Bissessar and United States Secretary of State, Marco Rubio, on Tuesday said that Washington had ‘outlined US support for the government’s Dragon gas proposal and steps to ensure it will not provide significant benefit to the Maduro regime’.
But speaking at a news conference here, Young, who had also served as minister of energy in two previous People’s National Movement (PNM) administrations, recalled the announcement by Prime Minister Persad Bissessar, soon after being sworn into office that the Dragon gas deal was dead.
He said ‘she announced to the world at large that Dragon was dead with glee and that they would pursue gas in Grenada, Guyana, Suriname and .we fid ourselves right back here today’.
He said it was the PNM administration that did the hard work and the leg work from 2016.with resect to the pursuit of the Dragon gas.and it is obvious that the government will mislead you and the government will be akin to snake oil salesmen.
‘The Dragon gas field is completely within the maritime borders of Venezuela. The Dragon gas field is completely owned by the people of Venezuela and it is the PNM government that negotiated through very difficult and trying times and managed in December 2023 .to obtain a 30 years exploration, production and export of gas from the Dragon field to Trinidad and Tobago waters’.
Young told reporters that the licence, which was published by the Venezuelan government, outlined the terms for the 30 year licence.
‘the first point is that the Dragon gas is owned by Venezuela and the field is completely situated in Venezuela and they have the rights to the gas,’ Young said adding that the development between Rubio and Persad Bissessar ‘is absolutely no different to the conversations that he had with me and the PNM administration when I was prime minister’.
Young said that during their talks in Jamaica earlier this year, ‘we had good conversations’ and after that the Office of Foreign Assets Control (OFAC) did cancel the licences that existed for Dragon gas .
In April, the United States government revoked the OFAC license granted to Trinidad and Tobago to allow Shell, the National Gas Company (NGC), and contractors to explore, produce, and export natural gas from the Venezuelan Dragon Gas Field.
The license was valid until October 31, 2025, and enabled Trinidad and Tobago to pay for gas in various currencies and through humanitarian measures. On December 21, 2023, Trinidad and Tobago also secured a 30-year exploration and production license from the government of Venezuela for the Dragon gas field.
Washington had also revoked the Cocuina-Manakin license granted to Port of Spain on May 31, 2024.
Port of Spain had been planning to request an extension from Washington for a license granted to Shell and the NGC to develop the Dragon gas project in Venezuela.
The license, issued in early 2023, allows the companies to plan the project. The project aims to supply gas to Trinidad by 2027. The Dragon Field is located in Venezuelan waters near the maritime border with Trinidad.
Young said following the revocation of the licence, Rubio held talks with him and in a statement made it clear ‘he will work with us on our energy security and our energy deals and in the world of diplomacy and diplomatic language that is what we were talking about’.
Young said that the present government has been making pre-mature statements ‘that they have obtained something is completely false.
‘We had obtained an initial OFAC licence in January 2023 where they spelt out the terms of that they would allow and in that licence they had said you could not pay Venezuela and the people of Venezuela in fiat currency, it had to be in kind.’
He said it would be interesting to see what the government does now because while the FAC licence had been given to the previous administration, he had to make several trips to Caracas to meet with the Venezuelan authorities and their technocrats ‘to negotiate the terms upon which they will be prepared for the Dragon gas to be sold to Trinidad and Tobago and they would not do it for in kind.
‘Look at the language very carefully from Secretary Rubio’s office that talks about what they are prepared to look at. Secondly, you now have to go through applying to OFAC an waiting on the terms of the licence and it is only then you will know the landscape and playing field that you can now go to Venezuela and attempt to negotiate’.
Young said that it is no hidden secret of the ‘position and stance of this government and in particular the voice of the prime minister towards our closest neighbour and the government of Venezuela and .the vice president of Venezuela is also the minister of Energy and the person in charge of these resources.’
Last month, Prime Minister Persad Bissessar told her junior minister, Phillip Alexander, that he was ‘totally out of line’ after he became embroiled in a war of words with the Venezuelan Vice President, Delcy Rodríguez.
Alexander, the Minister in the Ministry of Housing, had earlier suggested that India might ‘nuke’ Venezuela to protect the Caribbean island after Port of Spain publicly endorsed the move by President Donald Trump to send military warships into the Caribbean Sea with the intent of preventing drug dealers from illegally carrying out their trade. .
But in a Facebook post, Rodríguez mocked Alexander’s remarks, saying, ‘the only nuclear bomb dropped was into the brain of this official’s newly-taken government.’ urging Trinidad and Tobago to focus on its own people and to distance itself from the Washington’s alleged plans to exploit Venezuela’s resources..
Young said that the current minister of Energy here, Dr. Roodal Moonil, had when in opposition written to the United States urging Washington to impose sanctions on then prime minister Dr. Keith Rowley and himself for meeting with the Venezuelan vice president to negotiate the oil deal.
Young said that while the PNM would always welcome any initiative that would benefit Trinidad and Tobago ‘we will not stand by quietly whilst this government continues in its attempts to mislead the population of Trinidad and Tobago.
‘They have a long road ahead of them and on this occasion.it is three hands that have to clap not two and it is the same Delcy Rodriquez that every week I went to Parliament I had to be hearing from them.about our interactions with the Vice President of Venezuela’.
Young urged Trinidad and Tobago not to be duped by ‘snake oil salesmen .and challenge the prime minister, challenge minister Moonilal and show us the OFAC licence that you receive, because it is literally a licence you receive with the terms and conditions that set out the parameters upon which you can negotiate and that is the starting document.
‘So please Trinidad and Tobago do not allow them to fool you and ask yourself of the irony of coming back straight to Dragon which we had been saying all along.’