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Trinidad in Talks with US For BP-Venezuela Gas Project

NATGAS

The government of Trinidad and Tobago is in talks with the US for a licence allowing joint development of a natural gas project shared with Venezuela that also involves BP, according to Reuters.

  • Venezuela’s government confirmed last week that talks were ongoing to revive the joint development of Manakin-Cocuina areas.
  • Talks had been suspended after sanctions were imposed on Venezuela in 2019.
  • Trinidad has been pressing producers in recent year to accelerate gas projects to help it recover its LNG production, according to Reuters.
  • Minister Stuart Young said at CERAWeek that he hoped the USA would grant the license for Manakin-Cocuina this year, akin to a 2023 licence extended to the Dragon gas project in Venezuela, Reuters said.
Energy BulletsCommodities
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