Imbert said this Government was conspicuously silent on the deal they had recently signed with Venezuela to jointly produce gas from three highly prospective offshore fields, the largest of which is the Loren-Manatee Field. Imbert said the negotiations between the two countries which began under the previous PNM Government and under the tenure of Hugo Chavez involved the sending of gas from the Loren-Manatee Field into Atlantic LNG plant and into this country’s industries. The whole point was that the gas would come to Trinidad and Tobago to be used as feedstock for Train X for Atlantic LNG and also to provide much needed gas for the gas companies to utilise natural gas in Trinidad and Tobago”, he said, noting that this country had the energy infrastructure. However this People’s Partnership Government has overturned the policy position and has agreed to send the gas to Venezuela,” he said. Imbert quoted an article from the National Gas Daily which was published on September 12, 2013 headlined: “Caribbean Compromise brings hope in Caracas”. The article reports that the both countries signed the deal last Wednesday to jointly produce gas from the three fields. “The news is a boom for Caracas, with initial conduction from the largest field the Loren-Manatee, which holds 10.25 trillion cubic field (of gas) to be piped to and sold in Venezuela,” Imbert said as he read from the article. “Madness!” declared Paula Gopee-Scoon. “Betrayal” piped Opposition Leader Dr Keith Rowley. “Treason,” chimed in Imbert. “We have all of this gas straddling Trinidad and Tobago for years, there are negotiations between the two countries, Trinidad and Tobago has the energy infrastructure, it has an LNG plant already here”. He said Energy Minister Kelvin Ramnarine’s comment at the signing was broadcast over PDVSA radio station. Venezuela’s state-owned oil company PSDVA and US Company Chevron would begin work on the field immediately and Venezuela would bring within two year a 272 kilometre pipeline from Loren Manatee. Imbert said there was celebration in Caracas when the agreement was signed. FULL STORY: trinidadexpress/news/Imbert-Govt-sold-out-TT-224011251.html
Posted on: Tue, 17 Sep 2013 17:45:48 +0000
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