09/29 Closing prices / revised 09/29/2023 21:30 GMT  |    09/28    OPEC Basket    97.48        +0.40 |    09/29    Mexico Basket (MME)        $87.64       -0.48     06/23  Venezuela Basket (Merey) $57.37  + 1.15 ( from previous month)  (Est. OPEC)  | 09/29    NYMEX WTI Texas Intermediate November  CLX23  $90.79     -0.92  | 09/29    ICE Brent November  BRNX23   $95.31     -0.07  | 09/29    NYMEX Gasoline October  RBV23    $2.22    –2 6%   09/29    NYMEX  Heating Oil  October HOV23   $3.36  +1.3%    |  09/29    Natural Gas November NGX23    $2.93     -0.5%  09/29    Active U.S. Rig Count (Oil & Gas)    623     -7    | 09/29    USD/MXN Mexican Peso   17.4227    Live data  | 09/29      EUR/USD  1.0573 Live data  | 10/02   US/Bs. (Bolivar)      $34.4254000  ( data BCV)    |

T&T Energy Chamber: Dragon Field waiver a ‘major opportunity’ – Guardian T&T

Jerome Dookie, President of the Energy Chamber of Trinidad and Tobago.
Jerome Dookie, President of the Energy Chamber of Trinidad and Tobago. (Guardian TT)

T&T Guardian

EnergiesNet.com 01 26 2023

The Energy Chamber of T&T says it welcomes the US government’s granting of a waiver for this country to be able to develop the Dragon Field.

Prime Minister Dr Keith Rowley, speaking during a media conference yesterday, announced the US government’s approval for T&T to develop the Dragon Gas Field, which lies just about 17 kilometres across the border from our active Hibiscus platform.

“What this means is that the restrictions on the Dragon Gas Field development is now relieved and all relevant parties can progress the plans to result in natural gas from Venezuela eventually flowing from these proven reserves to T&T then onto Caribbean, European and other markets, bringing much humanitarian benefits to the Venezuelan population and greater energy security to the Caribbean region,” Rowley stated.

In an almost immediate response, the Energy Chamber of T&T lauded the move.

“The Energy Chamber of T&T welcomes the news of the granting of the US Treasury Department OFAC waiver of the sanctions that have been preventing T&T from working with PDVSA on the export of natural gas,” the Energy Chamber said.

“This presents a major opportunity for T&T to begin the importation of natural gas from Venezuela,” it added.

This issue was a major topic of discussion at the ongoing T&T Energy Conference and specifically, the panel discussion on Monday which looked at the integration of the southern Caribbean gas networks, it stated.

“The panel identified a major potential opportunity for T&T to become a gas processing hub for the vast natural gas resources in Venezuela and potentially other neighbouring countries,” the Energy Chamber noted.

Kevin Ramnarine
Kevin Ramnarine

Former Energy Minister Kevin Ramnarine also congratulated Rowley on the situation.

“I think it’s good news and congratulations to the Prime Minister for his diplomatic persistence. From my experience, these are very complex issues. I expect, however, that the journey to first gas has now started and a lot of work lays ahead for the NGC and the Government,” Ramnarine said.

“I expect that if all goes to plan, we should see first gas in three to four years. This would mark a new phase in our energy sector where we move to import natural gas. This has to be thought through carefully from a commercial and fiscal point of view but overall, the news would be welcomed for the plants at Point Lisas and the LNG business in Point Fortin,” he added.

guardian.co.tt 01 25 2023

Share this news

Support EnergiesNet.com

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas, Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com

CopyRight©1999-2021, EnergiesNet.com™  / Elio Ohep – All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the material.

Scroll to Top