While he’s no longer this country’s Energy and Energy Industries Minister, Port-of-Spain North/St Ann’s West MP-elect Stuart Young is concerned following comments made by Prime Minister Kamla Persad-Bissessar on the possibility of future gas deals, now that she believes the “Dragon is dead.”
During her speech after the swearing-in of her Cabinet at the President’s House on Saturday, Persad-Bissessar said she had her sights set on gas talks with several Caricom states including Guyana, Suriname and Grenada.
She later told the media that the Dragon Gas deal was dead.
Speaking during a news conference at Balisier House yesterday, Young said the Dragon deal has decades left to dance.
Young said, “Understand that when you immediately say the Dragon is dead, what are you telling Shell? I am certain in the boardrooms today, in London, in Houston, there is deep analysis going on. Everything that you say as a leader of the country is not for domestic politics alone and that is the simple caution.”
“It is very irresponsible for any government governing Trinidad and Tobago, wanting what is best for Trinidad and Tobago, without even looking at the documentation that exists to immediately declare it dead. The truth is we have a 30-year licence with Venezuela,” he added.
In response to Persad-Bissessar’s plan to send her newly-minted Energy and Energy Industries Minister Dr Roodal Moonilal to Grenada, Young said it’s presumptuous to get Trinidad and Tobago excited over reserves that may not even yield fruit.
Instead, his advice to the new administration would be to continue to persuade international gas companies to work with this country.
He said failure to do so would run T&T problems.
“Every possibility with our Caricom neighbours was already being explored and this hold out for some field called Nutmeg in Grenada. I pray to God there are reserves there and maybe exploration wells will find it in years to come. But it is nowhere close to market,” Young explained.
In a release on Sunday, the Energy Chamber of Trinidad and Tobago acknowledged that gas was discovered between Grenada and Trinidad in 2017, but admitted that there’s been little information since.
However, the chamber said if the fields can be economically developed it will be an excellent opportunity to export gas into T&T’s gas network through existing infrastructure.
When Guardian Media reached out to Energy Minister Moonilal for comment, all calls and messages went unanswered.
When it comes to Suriname and Guyana, Young said that even if there are significant gas reserves there, the country needs to focus on its feasibility.
He added that Venezuela will still be involved because any pipeline from Guyana or Suriname that comes to T&T must pass through Venezuelan waters.
Guardian Media also reached out to the Prime Minister of Grenada Dickson Mitchell as well as Grenada’s minister responsible for Climate Resilience, the Environment and Renewable Energy Kerryne Z James, but those calls were also unsuccessful.