Venezuela signs agreement with Trinidad and Tobago to promote gaseous hydrocarbon projects

The Bolivarian Republic of Venezuela and the Republic of Trinidad and Tobago signed an inter-institutional agreement, which seeks to promote joint projects in the gaseous hydrocarbons sector.

In this sense, the president of the Bolivarian Republic of Venezuela, Nicolás Maduro Moros, expressed that this signing represents an act of strengthening bilateral relations between both governments:

“This signing today and the project to work the Dragon Field in Venezuelan waters and start producing gas and go out together, Venezuela and Trinidad and Tobago, and bring gas to the world is lost from sight as a message of peace, of complementarity, cooperation, solidarity, exercised and shared sovereignty, as a message of peace for the entire Caribbean, it is something extraordinary,” he noted.

In context, he reiterated that the signing of this agreement strengthens cooperation for the security and energy sovereignty of the Caribbean: “Petrocaribe is coming back stronger now, because it is with its own efforts, step by step, little by little.”

Likewise, he highlighted that this agreement will allow the installation of pipelines with technologies to produce gas in Venezuelan seas, while pointing out that this agreement “is an immense message of peace and it will turn out well, it will generate resources, wealth to invest into our peoples.”

He specified that Venezuela has been organizing gas blocks throughout the Caribbean, through internal legislation in accordance with what is established in the Constitution of the Republic, with the purpose of giving great advantages to investors “and we are ready to advance with all the countries that want to invest, with all the companies in the world that want to invest.”