Opposition Senator Faris Al-Rawi has issued a stark warning about the potential economic consequences of the Trinidad and Tobago (TT) government’s failure to effectively manage escalating tensions with Venezuela. Speaking during the Senate budget debate on October 28, Al-Rawi highlighted recent statements by Venezuelan Vice-President Delcy Rodriguez, who announced plans to propose the termination of the energy cooperation framework agreement between the two nations. Rodriguez also indicated that Venezuela would seek to suspend all bilateral gas agreements with TT. Al-Rawi emphasized that these developments could jeopardize critical energy projects, including the Loran Manatee field, which holds significant natural gas reserves. He stressed that 73% of the field’s resources belong to Venezuela, while TT retains 27%. Al-Rawi cautioned that without access to these resources, TT’s energy sector investments could collapse, leading to severe economic repercussions. He urged the government to act swiftly and diplomatically to resolve the crisis and safeguard the nation’s economic stability. Additionally, Al-Rawi criticized budget cuts to key education and youth programs, questioning the government’s commitment to these sectors.
Al-Rawi: Trinidad and Tobago economy may ‘fall flat’ amid Venezuela fallout
