Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, warned of dire consequences if the Dragon gas deal with Venezuela fails. He encouraged support for the agreement, highlighting its importance for national revenue and public services. Rowley stressed the need for cautious navigation of geopolitical complexities, emphasizing that losing the deal could jeopardize the economy and essential services.
Prime Minister Dr. Keith Rowley of Trinidad and Tobago has issued a caution regarding the potential consequences of the Dragon gas deal with Venezuela. He emphasized that if the arrangement deteriorates, it could result in severe financial repercussions for the nation. Rowley affirmed the solidity of the country’s agreements but noted that revocation of the US licence or Venezuela’s non-cooperation in gas access could precipitate fiscal calamities.
During a ceremony marking the practical completion of the Port of Spain General Hospital’s Central Block, Rowley stressed the importance of energy revenue for sustaining vital public services, including hospitals and schools. He criticized claims of failure concerning the Dragon gas project, urging citizens to support its success rather than celebrate negativity.
Rowley conveyed that it is essential for Trinidad and Tobago to grasp the significance of securing a gas extraction agreement. He stressed that geopolitical pressures can undermine economic stability. The Prime Minister highlighted that leadership plays a crucial role in navigating these complexities, especially in terms of acquiring a licence from the US Office of Foreign Assets Control amidst sanctions on Venezuela.
With regard to energy resources, Rowley proposed that if challenges arise in utilizing the Dragon gas field or retaining the necessary licence, it would signify grave difficulties for the nation. He cited existing collaborative fields, indicating that current extractions, such as from the Manatee field by Shell, exemplify positive progress made between the two nations.
Rowley posed thought-provoking questions about the future of Trinidad and Tobago, particularly if energy initiatives had not been successfully implemented. He expressed concern over the potential depletion of gas resources, which could occur progressively within eight years, with revenue streams significantly affected thereafter. The Prime Minister indicated that a significant portion of the national budget is allocated for subsidies to citizens with no alternative income, warning that these social services could be jeopardized without sustainable revenue.
In conclusion, Prime Minister Rowley underscores the critical nature of the Dragon gas deal with Venezuela as pivotal for maintaining Trinidad and Tobago’s economic stability. He advocates for national unity to support energy initiatives and cautions against dismissing the potential adverse outcomes if the deal falters. The future of essential services relies heavily on the success of these energy ventures, with the Prime Minister emphasizing the necessity of strong leadership to navigate geopolitical challenges and secure the country’s interests.
Original Source: www.stabroeknews.com
