PM wrong – cross-border gas critical

The recent suspension of the Energy Cooperation Framework Agreement between Venezuela and Trinidad and Tobago (TT) has sparked significant concern among citizens and energy experts alike. This agreement, which facilitated the development of shared and cross-border gas fields, was a cornerstone of TT’s energy strategy and economic stability. However, the Prime Minister’s dismissive statement that ‘Trinidad and Tobago doesn’t need Venezuelan gas and never did’ has raised eyebrows and deepened anxieties about the nation’s energy future. TT’s gas production has been in decline since 2011, with current output averaging 2.6 billion standard cubic feet (scf) per day—far below the four billion scf needed to meet industrial and export demands. Projects like Mento, Matapal, and Cypre have provided some relief, but they are insufficient to bridge the gap. Cross-border fields such as Manatee, Dragon, and Manakin-Cocuina were expected to restore production levels by 2028, but their suspension now leaves TT without a viable ‘Plan B.’ The economic implications are dire: without these resources, downstream industries will suffer, government revenues will shrink, and foreign reserves will dwindle. Companies like Nutrien have already halted operations due to gas shortages, and others may follow. While diversification into non-energy sectors is essential, it cannot replace the foreign exchange earnings, tax revenue, and employment that the energy sector provides. The Prime Minister’s cavalier attitude toward this crisis, coupled with deteriorating diplomatic relations with Venezuela, threatens to undo decades of careful diplomacy and economic planning. TT’s short-, medium-, and long-term prosperity remains deeply tied to energy, and ignoring this reality could have catastrophic consequences for the nation’s economy and its people.