Prime Minister Kamla Persad-Bissessar has welcomed recent energy deals, saying T&T is poised to benefit from new energy opportunities and strengthened regional energy security.
Her comment follows the signing of licenses for the exploration hydrocarbons in Venezuela’s Loran Phase 2 development and the Plataforma Deltana area.
The Foreign Affairs Ministry issued a statement quoting the PM as saying that T&T is now in a strategic position to monetize potentially more than 12 trillion cubic feet of natural gas.
She also extended congratulations to Interim Venezuelan President Delcy Rodriguez and bpTT, and welcomed XRG of the United Arab Emirates, and UCC Holding of Qatar.
XRG will hold a joint interest in the license together with UCC.
Government is also reportedly engaged in discussions with XRG with the intention of fostering its entry into T&T and the wider Latin American region.
The Loran-Manatee field is a natural gas reservoir that straddled the maritime border between T&T and Venezuela.
