The United States has authorized Trinidad and Tobago (TT) to initiate negotiations with Venezuela regarding the highly anticipated Dragon gas deal. Attorney General John Jeremie disclosed that the Office of Foreign Assets Control (OFAC) issued the licence on October 8, marking the first step in a phased approach. This initial phase requires TT to meet specific benchmarks, which would subsequently provide US companies with certain advantages. Jeremie described these conditions as both reasonable and achievable, emphasizing that the licence is valid for six months. However, formal discussions with the Venezuelan government have yet to commence. Despite the absence of direct talks, Jeremie asserted that the Dragon gas deal remains active, citing ongoing, albeit undisclosed, communication between the two nations. The announcement was made at the Attorney General and Legal Affairs office in Port of Spain, underscoring the significance of this development in regional energy diplomacy.
US grants government licence to negotiate with Venezuela on Dragon gas deal
