Panday: No win yet with Dragon

Mickela Panday, leader of the Patriotic Front, has expressed skepticism regarding the recent announcement by Attorney General John Jeremie concerning the US Treasury’s Office of Foreign Assets Control (OFAC) granting a six-month licence for Trinidad and Tobago (TT), the National Gas Company (NGC), and their partners to negotiate the Dragon gas project. Panday emphasized that this development is far from a finalized deal and cautioned against premature government celebrations. In a Facebook post on October 10, she stated, ‘The licence merely opens a narrow window for discussions; it does not assure gas supply, job creation, or economic prosperity.’ Panday also highlighted the lack of transparency during Jeremie’s press conference on October 9, where he declined to disclose commercial terms or confirm formal engagement with Venezuela. She criticized this secrecy, asserting that the public deserves full transparency regarding the negotiations, potential beneficiaries, and safeguards for national interests. Panday reiterated that the licence is not a victory but an opportunity fraught with conditions and a tight deadline. She questioned whether the government can broker an agreement that balances the interests of all stakeholders, including the US, Venezuela, Shell, and NGC, within the limited timeframe. Additionally, Panday raised concerns about the geopolitical implications of Prime Minister Kamla Persad-Bissessar’s public support for the Trump administration’s anti-drug cartel efforts and US military presence in the southern Caribbean Sea, which could complicate negotiations with Venezuela. She warned that such statements might weaken TT’s negotiating position before talks even commence. Panday urged the government to disclose the full OFAC licence and provide clarity on its scope, risks, and limitations. She concluded by cautioning against premature optimism, likening the situation to ‘not counting your chickens before they hatch,’ and stressed that only a transparent and accountable process would ensure the benefits of the Dragon gas project truly reach the people of TT.