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Sunday, March 30, 2025

Lee wants clarification on Dragon Gas deal

by

Gail Alexander
537 days ago
20231010
UNC MP David Lee contributes to Monday's 2024 Budget debate.

UNC MP David Lee contributes to Monday's 2024 Budget debate.

Parliament of T&T

UNC MP David Lee has called on the Gov­ern­ment to say if the Venezue­lan gov­ern­ment has lumped the Drag­on Gas agree­ment in­to one with the Lo­ran Man­a­tee field project.

In his con­tri­bu­tion to Mon­day's 2024 Bud­get de­bate in Par­lia­ment, Lee asked for de­tails of the Drag­on Field agree­ment signed re­cent­ly.

"Did they sign when we'll be get­ting first gas? When are we start­ing op­er­a­tions? Did they agree T&T won't have to pay cash to the Venezue­lan gov­ern­ment?" he asked.

Lee sought clar­i­fi­ca­tion on whether Venezuela asked for a pipeline from the Drag­on field to Guiria on the Venezue­lan side and to run a pipeline to At­lantic LNG in Point Fortin.

"I don't know but I was told...and that be­comes a ne­go­ti­at­ing item. If that's so, you un­der­stand what goes in Venezuela: every Mon­day morn­ing they could turn off that pipeline from Guiria and our mon­ey will be jump­ing up," he said.

Lee al­so said it ap­pears the Venezue­lans want to lump the Drag­on Field and Lo­ran Man­a­tee fields in­to one.

"I un­der­stand Pres­i­dent (Nico­las) Maduro is ask­ing T&T to re­con­sid­er that whole Lo­ran Man­a­tee de­vel­op­ment and if you lis­tened to the En­er­gy Min­is­ter in de­bate, he men­tioned some­thing to that ef­fect but (didn't give de­tails)," Lee added, call­ing for clar­i­fi­ca­tion.

Lee, who de­nied En­er­gy Min­is­ter Stu­art Young's claims of PP gov­ern­ment mis­man­age­ment and lack of ac­tion on the en­er­gy sec­tor, said Young re­peat­ed much of what he usu­al­ly says in de­bates. He said Gov­ern­ment hadn't moved the sec­tor in eight years and not in­creased oil or gas pro­duc­tion, but there was a lot of fo­cus on "ne­go­ti­at­ing" con­tracts and claims."

Lee said cur­rent plans will on­ly pro­duce way ahead. He said the Re­view of the Econ­o­my 2024 paint­ed a grim pic­ture of T&T's re­al­i­ties and called on Young to give as­sur­ance that the Petrotrin re­tirees 'pen­sion plan - which needs $200m - will be saved

Lee said Fi­nance Min­is­ter Colm Im­bert's Bud­get was "lack­lus­tre, lack­ing sound poli­cies to stim­u­late the econ­o­my, failed to meet the pop­u­la­tion's needs and was ab­sent of any pol­i­cy to dri­ve na­tion­al de­vel­op­ment."

Lee, who de­nied Young's claim of the Op­po­si­tion lack­ing pa­tri­o­tism, said he loved his coun­try and played blue dev­il and jab jab.


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