T&T To Begin Production And Exportation of Dragon Gas

Trinidad and Tobago has received a 30-year license for the exploration, production, and export of natural gas from the Dragon Gas Field in Venezuela.

In a Media Conference on Friday, Prime Minister Dr. Keith Rowley said it is a historic development for the people of Trinidad and Tobago and Venezuela.

The country was awarded an exploitation and export license by Venezuela to develop the 4.2 trillion cubic feet of natural gas in the Dragon Field on Thursday evening.

Dr. Rowley shared what the license would mean for both nations. The Prime Minister said it will allow both countries to play a bigger role in the world’s economy.

The licences were held by Venezuela’s State-owned oil company PDVSA, but this is no longer the case as Shell and NGC will now be the producers.

Minister of Energy and Energy Industries, Stuart Young, said it will ensure that this country maintains its revenue.

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