Dragon gas deal with Venezuela - DEAD!!!

[paid_influencer]

Dr Rowley followed with a Facebook post on Friday.

“We have secured the licence to the Dragon gas field!

“Yes, in the spirit of good neighbourliness, the dragon can dance.”

Hours later at a news conference at the Diplomatic Centre in St Ann’s, Rowley and Young explained the significance of the development.

Rowley declared, “This is a historic development on a historic day for the people of Venezuela and TT. While it is not a boom, it a brighter future, as of today.”

He reminded the media of efforts made by the PNM since returning to office in September 2015 to repair the damage he said the UNC-led People’s Partnership (PP) coalition government had done to the energy sector.

Rowley said that damage included natural gas curtailments, no new gas contracts being negotiated and the National Gas Company (NGC) facing $8 billion in claims from energy companies.

From as early as 2015, he continued, Government realised one of the strategies it could use to remedy that situation was to look to its neighbours.

You have to give credit where it is due. Rowley and Young have accomplished something

[pugboy]

they had no choice

[Cantmis]

Dr Rowley followed with a Facebook post on Friday.

“We have secured the licence to the Dragon gas field!

“Yes, in the spirit of good neighbourliness, the dragon can dance.”

Hours later at a news conference at the Diplomatic Centre in St Ann’s, Rowley and Young explained the significance of the development.

Rowley declared, “This is a historic development on a historic day for the people of Venezuela and TT. While it is not a boom, it a brighter future, as of today.”

He reminded the media of efforts made by the PNM since returning to office in September 2015 to repair the damage he said the UNC-led People’s Partnership (PP) coalition government had done to the energy sector.

Rowley said that damage included natural gas curtailments, no new gas contracts being negotiated and the National Gas Company (NGC) facing $8 billion in claims from energy companies.

From as early as 2015, he continued, Government realised one of the strategies it could use to remedy that situation was to look to its neighbours.

You have to give credit where it is due. Rowley and Young have accomplished something

Only because off ease of sanctions. Russia.

[Dizzy28]

So who can switch the gas on and off ?

Shell

[Mmoney607]

Thanks to the public servants for making this deal happen.

[The_Honourable]

Like them or not, credit must be given to Rowley and Young together with technocrats from both sides for making this happen. Still a long way to go where geopolitical forces can derail this project easily. Gas in the next two years? doubt it.


Counting on the Dragon

Despite all the challenges, the Government must be given ­kudos for having taken the Dragon project to this point and for its perseverance in a difficult situation.

The granting of a licence to produce natural gas from Venezuela’s Dragon field brings Trinidad and Tobago one step closer to injecting fresh life into our gas-processing industry and energy ­exports.

The timeline now is crucial. Two of the three partners in this deal—Venezuela and T&T—will want to get operations under way as soon as possible. Energy Minister Stuart Young has expressed hope that natural gas deliveries can begin in two years, but with the caveat of a positive investment decision. That means the two governments’ agendas are really dependent on the third partner, Shell.

President Nicolás Maduro and Prime Minister Keith Rowley will no doubt be urging Shell to begin extraction as soon as possible. Maduro has an election due next year, and will want to promise ­financial relief to his citizens. Dr Rowley, similarly, will want to point to the resumption of LNG, methanol and ammonia export facilities before T&T’s general election in 2025.

Meanwhile, presidential elections in the United States take place next year, while the authorisation for the Dragon field project ends in January 2025. However, that authorisation is dependent on Maduro holding free and fair elections so, if anything untoward occurs next year, that permission may be rescinded prematurely. Additionally, if US President Joe Biden loses the election or even if he is replaced as the Democratic candidate—and, at present, his numbers are looking very shaky—his replacement may not have the same policy views ­towards Venezuela.

For T&T, as we have noted before, energy experts predict our natural gas reserves will be exhausted by 2033. If accurate, that gives us a very narrow window to retool our energy sector from extraction to processing and export. Prime Minister Rowley, in ­announcing the Dragon licence on Friday, did note that the plan was to make T&T a manufacturing and exporting hub for hydrocarbons in the northern part of South America and the Caribbean islands.

Also at play is the Essequibo dispute between Guyana and Vene­zuela. The Dragon deal makes it more likely that Maduro will stick to his word in the Argyle Declaration, signed ten days ago, in which Venezuela promised not to take any aggressive action to annex the Essequibo region. This is because the Dragon field’s natural gas, with reserves estimated at 4.2 trillion cubic feet, is a bird in the hand while any resources from Essequibo are, literally, in the bush.

On the other hand, if we apply Dr Rowley’s rather odd imagery of “the golden fleece” to describe the licence, Greek mythology says the fleece was guarded by a dragon with teeth that became soldiers when planted in the ground. We can only hope this is not part of Maduro’s strategy.

https://trinidadexpress.com/opinion/col ... c6c93.html

[Mmoney607]

So this mean we have to vote back Rowley or the deal will collapse?

[Kickstart]

Like them or not, credit must be given to Rowley and Young together with technocrats from both sides for making this happen. Still a long way to go where geopolitical forces can derail this project easily. Gas in the next two years? doubt it.


Counting on the Dragon

Despite all the challenges, the Government must be given ­kudos for having taken the Dragon project to this point and for its perseverance in a difficult situation.

The granting of a licence to produce natural gas from Venezuela’s Dragon field brings Trinidad and Tobago one step closer to injecting fresh life into our gas-processing industry and energy ­exports.

The timeline now is crucial. Two of the three partners in this deal—Venezuela and T&T—will want to get operations under way as soon as possible. Energy Minister Stuart Young has expressed hope that natural gas deliveries can begin in two years, but with the caveat of a positive investment decision. That means the two governments’ agendas are really dependent on the third partner, Shell.

President Nicolás Maduro and Prime Minister Keith Rowley will no doubt be urging Shell to begin extraction as soon as possible. Maduro has an election due next year, and will want to promise ­financial relief to his citizens. Dr Rowley, similarly, will want to point to the resumption of LNG, methanol and ammonia export facilities before T&T’s general election in 2025.

Meanwhile, presidential elections in the United States take place next year, while the authorisation for the Dragon field project ends in January 2025. However, that authorisation is dependent on Maduro holding free and fair elections so, if anything untoward occurs next year, that permission may be rescinded prematurely. Additionally, if US President Joe Biden loses the election or even if he is replaced as the Democratic candidate—and, at present, his numbers are looking very shaky—his replacement may not have the same policy views ­towards Venezuela.

For T&T, as we have noted before, energy experts predict our natural gas reserves will be exhausted by 2033. If accurate, that gives us a very narrow window to retool our energy sector from extraction to processing and export. Prime Minister Rowley, in ­announcing the Dragon licence on Friday, did note that the plan was to make T&T a manufacturing and exporting hub for hydrocarbons in the northern part of South America and the Caribbean islands.

Also at play is the Essequibo dispute between Guyana and Vene­zuela. The Dragon deal makes it more likely that Maduro will stick to his word in the Argyle Declaration, signed ten days ago, in which Venezuela promised not to take any aggressive action to annex the Essequibo region. This is because the Dragon field’s natural gas, with reserves estimated at 4.2 trillion cubic feet, is a bird in the hand while any resources from Essequibo are, literally, in the bush.

On the other hand, if we apply Dr Rowley’s rather odd imagery of “the golden fleece” to describe the licence, Greek mythology says the fleece was guarded by a dragon with teeth that became soldiers when planted in the ground. We can only hope this is not part of Maduro’s strategy.

https://trinidadexpress.com/opinion/col ... c6c93.html

The agv trini does not get the benefit.

Those returns goes to business people where the money is toted away abroad.

Only trinkets are given to citizens and even that you have fight for. Then there is discrimination against indo people.

All these years with boom after boom what has citizens gotten in return? Most of us are somehow affected by crime & corruption. First opportunity trinis get they fly out.

Gas deal does not benefit us. Prove me wrong

[Kickstart]

So this mean we have to vote back Rowley or the deal will collapse?

It means u collapse

[The_Honourable]

So this mean we have to vote back Rowley or the deal will collapse?

Don't have too, but the way things looking, PNM 2025.

Like them or not, credit must be given to Rowley and Young together with technocrats from both sides for making this happen. Still a long way to go where geopolitical forces can derail this project easily. Gas in the next two years? doubt it.


Counting on the Dragon

Despite all the challenges, the Government must be given ­kudos for having taken the Dragon project to this point and for its perseverance in a difficult situation.

The granting of a licence to produce natural gas from Venezuela’s Dragon field brings Trinidad and Tobago one step closer to injecting fresh life into our gas-processing industry and energy ­exports.

The timeline now is crucial. Two of the three partners in this deal—Venezuela and T&T—will want to get operations under way as soon as possible. Energy Minister Stuart Young has expressed hope that natural gas deliveries can begin in two years, but with the caveat of a positive investment decision. That means the two governments’ agendas are really dependent on the third partner, Shell.

President Nicolás Maduro and Prime Minister Keith Rowley will no doubt be urging Shell to begin extraction as soon as possible. Maduro has an election due next year, and will want to promise ­financial relief to his citizens. Dr Rowley, similarly, will want to point to the resumption of LNG, methanol and ammonia export facilities before T&T’s general election in 2025.

Meanwhile, presidential elections in the United States take place next year, while the authorisation for the Dragon field project ends in January 2025. However, that authorisation is dependent on Maduro holding free and fair elections so, if anything untoward occurs next year, that permission may be rescinded prematurely. Additionally, if US President Joe Biden loses the election or even if he is replaced as the Democratic candidate—and, at present, his numbers are looking very shaky—his replacement may not have the same policy views ­towards Venezuela.

For T&T, as we have noted before, energy experts predict our natural gas reserves will be exhausted by 2033. If accurate, that gives us a very narrow window to retool our energy sector from extraction to processing and export. Prime Minister Rowley, in ­announcing the Dragon licence on Friday, did note that the plan was to make T&T a manufacturing and exporting hub for hydrocarbons in the northern part of South America and the Caribbean islands.

Also at play is the Essequibo dispute between Guyana and Vene­zuela. The Dragon deal makes it more likely that Maduro will stick to his word in the Argyle Declaration, signed ten days ago, in which Venezuela promised not to take any aggressive action to annex the Essequibo region. This is because the Dragon field’s natural gas, with reserves estimated at 4.2 trillion cubic feet, is a bird in the hand while any resources from Essequibo are, literally, in the bush.

On the other hand, if we apply Dr Rowley’s rather odd imagery of “the golden fleece” to describe the licence, Greek mythology says the fleece was guarded by a dragon with teeth that became soldiers when planted in the ground. We can only hope this is not part of Maduro’s strategy.

https://trinidadexpress.com/opinion/col ... c6c93.html

The agv trini does not get the benefit.

Those returns goes to business people where the money is toted away abroad.

Only trinkets are given to citizens and even that you have fight for. Then there is discrimination against indo people.

All these years with boom after boom what has citizens gotten in return? Most of us are somehow affected by crime & corruption. First opportunity trinis get they fly out.

Gas deal does not benefit us. Prove me wrong

Very true, past behavior is the best predictor of future behavior.

Since we like it so, can't argue against that logic.

[nervewrecker]

Like them or not, credit must be given to Rowley and Young together with technocrats from both sides for making this happen. Still a long way to go where geopolitical forces can derail this project easily. Gas in the next two years? doubt it.


Counting on the Dragon

Despite all the challenges, the Government must be given ­kudos for having taken the Dragon project to this point and for its perseverance in a difficult situation.

The granting of a licence to produce natural gas from Venezuela’s Dragon field brings Trinidad and Tobago one step closer to injecting fresh life into our gas-processing industry and energy ­exports.

The timeline now is crucial. Two of the three partners in this deal—Venezuela and T&T—will want to get operations under way as soon as possible. Energy Minister Stuart Young has expressed hope that natural gas deliveries can begin in two years, but with the caveat of a positive investment decision. That means the two governments’ agendas are really dependent on the third partner, Shell.

President Nicolás Maduro and Prime Minister Keith Rowley will no doubt be urging Shell to begin extraction as soon as possible. Maduro has an election due next year, and will want to promise ­financial relief to his citizens. Dr Rowley, similarly, will want to point to the resumption of LNG, methanol and ammonia export facilities before T&T’s general election in 2025.

Meanwhile, presidential elections in the United States take place next year, while the authorisation for the Dragon field project ends in January 2025. However, that authorisation is dependent on Maduro holding free and fair elections so, if anything untoward occurs next year, that permission may be rescinded prematurely. Additionally, if US President Joe Biden loses the election or even if he is replaced as the Democratic candidate—and, at present, his numbers are looking very shaky—his replacement may not have the same policy views ­towards Venezuela.

For T&T, as we have noted before, energy experts predict our natural gas reserves will be exhausted by 2033. If accurate, that gives us a very narrow window to retool our energy sector from extraction to processing and export. Prime Minister Rowley, in ­announcing the Dragon licence on Friday, did note that the plan was to make T&T a manufacturing and exporting hub for hydrocarbons in the northern part of South America and the Caribbean islands.

Also at play is the Essequibo dispute between Guyana and Vene­zuela. The Dragon deal makes it more likely that Maduro will stick to his word in the Argyle Declaration, signed ten days ago, in which Venezuela promised not to take any aggressive action to annex the Essequibo region. This is because the Dragon field’s natural gas, with reserves estimated at 4.2 trillion cubic feet, is a bird in the hand while any resources from Essequibo are, literally, in the bush.

On the other hand, if we apply Dr Rowley’s rather odd imagery of “the golden fleece” to describe the licence, Greek mythology says the fleece was guarded by a dragon with teeth that became soldiers when planted in the ground. We can only hope this is not part of Maduro’s strategy.

https://trinidadexpress.com/opinion/col ... c6c93.html

The agv trini does not get the benefit.

Those returns goes to business people where the money is toted away abroad.

Only trinkets are given to citizens and even that you have fight for. Then there is discrimination against indo people.

All these years with boom after boom what has citizens gotten in return? Most of us are somehow affected by crime & corruption. First opportunity trinis get they fly out.

Gas deal does not benefit us. Prove me wrong

While it's trinkets trickle down it ensures employment for people. Employment means people get money, when people get money they spend money, when they spend money money circulates. Fenceline communities thrive and everywhere that working people patronize.

I passed through Marabella last week, it died. In comparison to when PETROTRIN was still alive, Marabella has become an empty shell. Streets dead, buildings unoccupied, business places with nobody buying anything. Santa flora died also. Most food places closed down, small vendors closed up shop and some out of business. Point fortin still kinda lively with LNG functioning but it ain't what it was.

The average Joe and current generation does in fact benefit.

Reason why most people fly out is because they can function elsewhere and are at the mental and intellectual capacity to do so. Here, we going the route Venezuela did where we putting square pegs in round holes. People who are not competent for Jones getting it and are being promoted ahead of others that are fit for the job. Good leadership is stifled and smart ideas nerfed in favour of egotistical Idiocracy. The only place these people can function is in this environment so what we remain with is a concentrated workforce comprised of these square pegs while the nerfed look to digz the hell out.

[paid_influencer]

lol, the resources trickle UP to the owners of capital, that is the whole point of capitalism. the worker gets enough only to sustain him as labour. he does not get to keep the surplus value he creates lol

[mero]

UNC soy boys and crybabies pretending like this isn't good and is small thing lol.

Then again the dUNCe crew still acknowledge Guaido as the interim president of Venezuela probably.

Imagine if UNC was in power the sheit show we woulda be in all now

[The_Honourable]

Uh oh...

US condemns ban on Venezuelan opposition leader’s candidacy and puts sanctions relief under review

CARACAS, Venezuela (AP) — The U.S. government and nearly 30 conservative world leaders on Saturday condemned the decision of Venezuela’s highest court to block the presidential candidacy of opposition leader María Corina Machado.

The Biden administration, however, remained noncommittal about reimposing economic sanctions on Venezuela, which it has threatened to do if the government of President Nicolás Maduro failed to ensure a level playing field for the country’s presidential election this year.

“The United States is currently reviewing our Venezuela sanctions policy, based on this development and the recent political targeting of democratic opposition candidates and civil society,” U.S. State Department spokesman Matthew Miller said in a statement.

Machado won a presidential primary held in October by the faction of the opposition backed by the U.S. She secured more than 90% of the vote despite the Venezuelan government announcing a 15-year ban on her running for office just days after she formally entered the race in June.

More: https://apnews.com/article/venezuela-op ... f0dc2374c5

[paid_influencer]

the lol is the US doing the same thing by using courts to disqualify a major presidential candidate from appearing on the ballot

[maj. tom]

lol yeah it's totally the same thing.

[PariaMan]

The Difference Between Stupidity and Genius Is That Genius Has Its Limits

[wingnut]

Well that didn't take long


BBC News - US threatens to reimpose sanctions on Venezuelan oil sector
https://www.bbc.co.uk/news/world-latin-america-68139518

[sMASH]

Saw a snippet where us isn't allowing any new natgas supply contracts, cause green energy.

So that would stymie Europe, and they would need to source else where.

That could be from middle east...

[shake d livin wake d dead]

Looks like the dragon not dancing any more

[The_Honourable]

Looks like the dragon not dancing any more

Well it dancing.... without music

The dancing might stop when that US authorization license comes up for renewal in October 2025.

[Dizzy28]

Maduro bans thier Opposition - sanctions !!
Pakistan jails their Opposition on some trumped up fake charges - Crickets!!

USA and it's hypocrisy at it's finest

[paid_influencer]

well it is unreasonable that we expect the US to act in our interest
to the detriment of their own
realpolitik would say they was always going to threaten or actually pull the licence
for the benefit of US domestic economic and geopolitical interests
the US leveraging economic power over venezuela, yes
but over we too
keith need to get on the fone but idk how much leverage he have
with our greatest ally

[pugboy]

stuey and rowlee must be trying to figure out how to raise this issue right now as they over there

[Alpha_2nr]

stuey and rowlee must be trying to figure out how to raise this issue right now as they over there

The bloggers and newshouses suspiciously silent.

All the "dragon can dance" hype......now what?

[sMASH]

Looks like the dragon not dancing any more

Well it dancing.... without music

The dancing might stop when that US authorization license comes up for renewal in October 2025.

The sanctions might ease up by that time...
Too many big meetings small pin traveled for, for this to affect it.


Plus, rowley went to talk to cia,,, so they would use the gas as some leverage on rowley to toe their agenda.


Dragon will dance in trinidad,, prolly syphoning from vene side.

[toyolink]

Political risks and or political stability have always been a significant evaluation criteria in cross border investments.
T&T has historically benefited from attractive ratings and actually the value of investments from the USA cannot be understated.
Venezuela never really took T&T seriously and it is only recently they have been open to possibilities.
There was even a time when Venezuela was part of the USA solution and buffer against OPEC which was considered as a threat to the energy security of that country.
T&T will have to tread very carefully or get crushed between these big players.

[sMASH]

https://youtu.be/8SXy-M32kqg?si=v2aXOOfCFU35HAup


Deutsche welle piece on Germany gas situation.


Real western propaganda in it tho.

It is tied to lng and dragon gas

[shaneelal]

Some may have celebrated too soon, let's see how this goes.

Shell seeks longer US license before sanctioning Venezuela gas project
By Marianna Parraga and Curtis Williams

HOUSTON, April 3 (Reuters) - Oil major Shell (SHEL.L) is seeking a long-term license from the U.S. before making a final investment decision on the Dragon natural gas project in Venezuela, four people familiar with the matter said.
The Dragon field lies in Venezuelan waters near the maritime border with Trinidad and Tobago, and holds up to 4.2 trillion cubic feet of gas. Trinidad needs the fuel to supply its liquefied natural gas and petrochemical industries, and Venezuela wants to open a new source of revenue from exports.

Washington in January 2023 gave Trinidad a two-year license to negotiate and develop Dragon, with Shell as operator and state firms PDVSA from Venezuela and the National Gas Company (NGC) from Trinidad as participants in the project.
The U.S. amended the license in October 2023, extending its validity until October 2025 and allowing Venezuela to receive proceeds from gas sales in cash. The Venezuelan government, on its side, in December green-lit the project through a 30-year license, granting Shell and NGC the rights to produce the gas and export it to Trinidad.

Trinidad expects a final investment decision (FID) for Dragon, the last step in determining whether to move forward with its sanctioning and construction, to come next year. By the time the current U.S. license expires, the FID and first gas might not be ready, creating the need for a new authorization.
Shell is now pressing to have a longer U.S. license to make the FID and co-develop the field with NGC (NGCTT.UL). Shell has initially proposed a 15-year license, two of the people said.

One of the sources said that Shell hopes the U.S. will award the license, even if not this year, because Washington officials would not expect the company to invest over $1 billion "without certainty of that investment."
A Shell spokesperson declined to comment. PDVSA, NGC, Venezuela's oil ministry and the U.S. Treasury Department did not immediately reply to requests for comment. The U.S. Department of State declined to comment.

Trinidad's Energy minister, Stuart Young, has engaged Venezuela and the U.S. on the issue, and met with U.S. Assistant Secretary of State for Energy Resources Geoffrey Pyatt last month, Young told Reuters on the sidelines of the CERAWeek conference in Houston.
"Obviously, a two year license has a window and this is a transaction that will take more than two years," Young said.
Dragon and another gas project by Shell in Trinidad's waters, Manatee, are expected to compete to inaugurate production and supply the gas to Trinidad.


https://www.reuters.com/business/energy ... 024-04-03/

[The_Honourable]

Venezuelan elections in July, US elections in November. If Maduro "wins" (duh), more sanctions. Whether is Biden or Trump, question is how hard that shaft going to be.

That deal living on a prayer right now.