In response to recent developments regarding Venezuela’s suspension of energy sector agreements with Trinidad and Tobago, the Energy Chamber is calling for a renewed national focus on securing and expanding domestic natural gas supplies to safeguard the country’s economic, energy and national security.
The Chamber supports the government’s commitment to national security and energy independence, underpinned by the need for increased availability of natural gas for our petrochemical plants in Point Lisas and La Brea, and the LNG facility in Point Fortin, by:
Enhanced recovery from existing gas fields already in production,
Development of new gas fields in shallow and deepwater within Trinidad and Tobago’s exclusive economic zone,
Development of cross-border fields straddling maritime boundaries with Venezuela, Grenada, and Barbados,
Pipeline imports from neighbouring countries, where geopolitically feasible.
While the current geopolitical climate presents short-term challenges for Venezuelan imports, the Chamber emphasizes the urgency of accelerating policies and investments that unlock domestic and regional gas sources.
The Energy Chamber remains committed to working with the government and industry stakeholders to implement a forward-looking energy strategy that aligns with national interests and secures a prosperous future for all citizens.