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Monday, March 31, 2025

Young notes Rubio's announcement could impact Dragon deal

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32 days ago
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In September, T&T’s Minister of Energy, Stuart Young, right and Venezuela’s Oil Minister Pedro Tellechea signed the Dragon gas deal at the Miraflores Palace, the official residence of Venezuelan President Nicolas Maduro, who witnessed the signing, at centre.

In September, T&T’s Minister of Energy, Stuart Young, right and Venezuela’s Oil Minister Pedro Tellechea signed the Dragon gas deal at the Miraflores Palace, the official residence of Venezuelan President Nicolas Maduro, who witnessed the signing, at centre.

COURTESY STUART YOUNG/ FACEBOOK

Act­ing Prime Min­is­ter Stu­art Young has ac­knowl­edged the tweet by US Sen­a­tor Mar­co Ru­bio could af­fect the re­la­tion­ship be­tween Trinidad and To­ba­go, Venezuela and the Drag­on Gas deal. 

Ru­bio’s tweet said, "To­day, pur­suant to @PO­TUS di­rec­tive, I am pro­vid­ing for­eign pol­i­cy guid­ance to ter­mi­nate all Biden-era oil and gas li­cens­es that have shame­ful­ly bankrolled the il­le­git­i­mate Maduro regime."

Young said, " We con­tin­ue to work every an­gle we can. It is un­der­stood by many lev­els how im­por­tant this deal, let's use the Drag­on Deal as the ex­am­ple, be­cause that's what every­one seems to be fo­cused on, and our OFAC li­cence, et cetera, how im­por­tant that is, not on­ly for the en­er­gy se­cu­ri­ty of Trinidad and To­ba­go, but al­so the sta­bil­i­ty of the re­gion, CARI­COM, as well as South Amer­i­ca, and al­so the con­ver­sa­tions we've con­sis­tent­ly had with the Unit­ed States of Amer­i­ca, how it al­so af­fects the geopol­i­tics, not on­ly of the re­gion, but al­so of our way as Eu­rope, as well as some oth­er en­ti­ties."

He was speak­ing at the Post Cab­i­net news con­fer­ence on Thurs­day.

Young said the gov­ern­ment is en­gaged with all rel­e­vant stake­hold­ers to en­sure the con­tin­u­a­tion of the Drag­on Gas deal, which is im­por­tant for the coun­try’s en­er­gy strat­e­gy.

He said, “We are very aware of how im­por­tant it is and who the de­ci­sion-mak­ers are.”

Young al­so com­ment­ed on the op­po­si­tion’s con­stant crit­i­cism of Venezuela’s lead­er­ship. He said that at­tacks on Pres­i­dent Maduro, who con­trols the world’s largest oil re­serves, could af­fect diplo­mat­ic re­la­tions. 

"I can tell you, even on pre­vi­ous trips, pre­vi­ous con­ver­sa­tions that were had, there al­ways was a lev­el of con­cern," Young said. "Be­cause when you stood up in par­lia­ment every week and you heard the throw­ing of in­sults at a world leader, be­cause at the end of the day, Pres­i­dent Maduro is a leader. He sits on the largest oil re­serves in the world. And you have peo­ple on the oth­er side, the UNC op­po­si­tion at­tack­ing re­lent­less­ly and say­ing, what I saw yes­ter­day, some of that type of lan­guage, that will nev­er go down well. "

Young said Trinidad and To­ba­go would con­tin­ue to work to man­age its re­la­tion­ship with Venezuela and en­sure the con­clu­sion of the Drag­on deal.

Stuart YoungenergyEnergyMinistry of Energy and Energy IndustriesInstagram


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