natural gas

Energy minister: Dragon will dance

Trinidad and Tobago is likely to develop all of the 10 trillion cubic feet of natural gas in the Loran and Manatee gas fields, according to Energy Minister Franklyn Khan.

Speaking at the Hyatt Regency on Tuesday, on the second day of the Energy Chamber's 2020 Energy Conference, Khan said while the agreement is to independently develop the Manatee and Loran fields, it was logical to assume that once first gas comes to T&T, then the Venezuelans also are likely to allow the resources in Loran to be produced here, as well.

US sanctions force T&T and Venezuela to tear up gas agreement

Prime Minister Dr Keith Rowley has announced that Trinidad and Tobago and Venezuela have rescinded their agreement to jointly exploit 10 trillion cubic feet of natural gas in the Loran Manatee field and would instead develop it independently.

Rowley said the continued US sanctions on the Bolivarian Republic had made it all but impossible to jointly develop the gas and as a result, the two countries will go independently.