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Dragon gas deal with Venezuela - DEAD!!!

this is how we do it.......

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AlphaMan
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Re: Dragon gas deal with Venezuela

Postby AlphaMan » September 21st, 2023, 2:11 pm

Venezuelan cant earn any cash from this so how exactly are they to benefit..
US is looking on closely..

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Re: Dragon gas deal with Venezuela

Postby wingnut » September 21st, 2023, 2:23 pm

adnj wrote:
Les Bain wrote:So sanctions in we ass just now?
The US signed a two year authorization.
So after two years when the US say no more authorization they have to shutdown the pipeline.

Looks like a disaster in the making

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Re: Dragon gas deal with Venezuela

Postby sMASH » September 21st, 2023, 5:01 pm

AlphaMan wrote:Venezuelan cant earn any cash from this so how exactly are they to benefit..
US is looking on closely..
I want to think the US had to back track from that stance to get the fossil to pump.



The problem is the two year grace by the us.
Expect maturity for the us to be playing up and grand standing.


If the eu nat gas position settles down and the us don't need vene gas again, expect that contract to fall.
For that gas to pump, pray the us need it to fullfill contractual obligations.




On another note, the us will. Get a high esg score, because it pumping less fossil. But tt and vene will get a wrose. Esg score cause of fossil.
Lol

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Re: Dragon gas deal with Venezuela

Postby matix » September 21st, 2023, 5:05 pm

AlphaMan wrote:Venezuelan cant earn any cash from this so how exactly are they to benefit..
US is looking on closely..



Trade for food, supplies, whatever we can offer that they need.

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Re: Dragon gas deal with Venezuela

Postby paid_influencer » September 21st, 2023, 6:54 pm

wingnut wrote:
adnj wrote:
Les Bain wrote:So sanctions in we ass just now?
The US signed a two year authorization.
So after two years when the US say no more authorization they have to shutdown the pipeline.

Looks like a disaster in the making


uncle sam have we by the balls now

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Re: Dragon gas deal with Venezuela

Postby redmanjp » September 21st, 2023, 7:28 pm

VexXx Dogg wrote:
adnj wrote:
Les Bain wrote:So sanctions in we ass just now?
The US signed a two year authorization.

this is big, because we're now the approved petrobridge to Venezuela despite the global sanctions.

should bring in some $$


forex $$? no more US$ credit card limits or OPT tax?

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Re: Dragon gas deal with Venezuela

Postby zoom rader » September 21st, 2023, 10:25 pm

redmanjp wrote:
VexXx Dogg wrote:
adnj wrote:
Les Bain wrote:So sanctions in we ass just now?
The US signed a two year authorization.

this is big, because we're now the approved petrobridge to Venezuela despite the global sanctions.

should bring in some $$


forex $$? no more US$ credit card limits or OPT tax?
Thats only for the 1%

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Re: Dragon gas deal with Venezuela

Postby Les Bain » September 22nd, 2023, 10:34 am

zoom rader wrote:
redmanjp wrote:
VexXx Dogg wrote:
adnj wrote:
Les Bain wrote:So sanctions in we ass just now?
The US signed a two year authorization.

this is big, because we're now the approved petrobridge to Venezuela despite the global sanctions.

should bring in some $$


forex $$? no more US$ credit card limits or OPT tax?
Thats only for the 1%


No boy, that's trickle dong economics *nudge nudge, wink wink.*
Life go be betta for everybody in PNM house.

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Re: Dragon gas deal with Venezuela

Postby VexXx Dogg » September 22nd, 2023, 10:40 am

the problem as I understand it is increased demand of USD and dwindling supply which is eating into our national USD reserves. We're a much more empowered economy now, and many more people have purchasing power than the past.

This is a good opportunity to build our reserves. We could never be in a position of free-for-all USD unless we dollarize.

I don't like the controls, but I understand why we have it.

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Re: Dragon gas deal with Venezuela

Postby Dizzy28 » September 22nd, 2023, 11:15 am

VexXx Dogg wrote:the problem as I understand it is increased demand of USD and dwindling supply which is eating into our national USD reserves. We're a much more empowered economy now, and many more people have purchasing power than the past.

This is a good opportunity to build our reserves. We could never be in a position of free-for-all USD unless we dollarize.

I don't like the controls, but I understand why we have it.


As a non businessman with no need to pay for imports at the pallet or container level, travels infrequently and makes online purchases sporadically the system as it is now benefits me more than a free float would. I have no need to purchase large amounts of USD so paying 6.78 is preferable than 10 to 1.

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Re: Dragon gas deal with Venezuela

Postby zoom rader » September 22nd, 2023, 11:49 am

VexXx Dogg wrote:the problem as I understand it is increased demand of USD and dwindling supply which is eating into our national USD reserves. We're a much more empowered economy now, and many more people have purchasing power than the past.

This is a good opportunity to build our reserves. We could never be in a position of free-for-all USD unless we dollarize.

I don't like the controls, but I understand why we have it.
It's a good opportunity not to spend one damm cent on anything but bare basics necessaries. Don't buy anything

Stave the local economy and save ur money.

Let's see how long the government will hold on for

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Re: Dragon gas deal with Venezuela

Postby The_Honourable » October 18th, 2023, 11:09 am

T&T can pay cash for Dragon field gas

TRINIDAD AND TOBAGO can now make cash payments to Vene­zuela for the natural gas extracted from the Dragon field, Energy Minister Stuart Young has announced.

He also disclosed that the United States government has approved an amendment to the licence granted in January for the joint development of the field.

The previous requirement imposed by the United States in the January licence, which prohibited cash payments for the gas, had posed a significant challenge and appeared to jeopardise negotiations, with Venezuela’s President Nicolas Maduro publicly criticising its inclusion.

“I am pleased to tell the people of Trinidad and Tobago that today the United States government has issued through the Treasury Department’s OFAC (Office of Foreign Assets Control) to the Government of Trinidad and Tobago an amendment to the licence that we had requested in the terms that we have requested,” Young said yesterday.

“It also allows the Government of Trinidad and Tobago working along with NGC and Shell to negotiate complete negotiations and all agreements that need to be done with the government of Venezuela and PDVSA (Petroleos de Venezuela, SA) for the development and the production and the export of that gas from the Dragon gas field into Trinidad and Tobago for us to develop it and for us to make payments in FIAT currency, as well as US dollars as well as Venezuelan Bolivars as well as via humanitarian measures, which is what was envisaged initially,” he said during a news conference at the Ministry of Energy at the International Waterfront Centre in Port of Spain.

Young said there are no restrictions for the quantity of US cash that can be used.

The amended licence will now also run for two years until October 31, 2025, he said.

He believes this gives enough time to get everything sorted.

“So that OFAC licence now is a full greenlight for us to be able to do what needs to be done. In the meantime we have continued to be engaged with the government of Venezuela as well as PDVSA,” Young said.

He said after being notified of the amendment, he reached out to the Vice President of Venezuela Delcy Rodriguez and the information was well received.

The next step is that he will be returning to Venezuela soon to continue negotiations, the minister told reporters.

Young said he was hopeful that the negotiations will be successfully concluded, and that the gas from Dragon can be brought to Trinidad and Tobago in the “not too distant future”.

What was signed in Venezuela

Young yesterday sought to clarify the agreement that was signed in Venezuela on September 20 and the need for confidentiality.

“There are many, many persons in Venezuela seeking to do business with Venezuela so if the Venezuelan government is going to negotiate a deal with Trinidad and Tobago, they would not want the terms of that deal, the arrangements we have made, to be known to the others who they are also negotiating with. That is ‘Contracts 101’ and that is the reason for confidentiality, so unfortunately, we could not discuss the terms of what was signed in Venezuela,” he said.

“What I can tell you is that agreement is for the pursuit of the development of Dragon, it also permits for us to continue discussions with the government of Venezuela for other gas fields and other gas developments.

“It also got down into granular level detail with respect to the allocation of gas and for all of the gas from Dragon to come to Trinidad and Tobago and the allocation of that gas both to our domestic (petrochemical) sector as well as the LNG sector for Shell to continue to be our operator and our partner in these arrangements,” he said.

International media reported yesterday that the governments of the United States and Venezuela were poised to announce a deal that could pave the way for sanctions relief.

Asked about this, Young said: “At all stages we have continued to encourage dialogue, at all stages I can say and I can report, including on the last occasion as I was in Venezuela having those meetings and conversations, we encouraged dialogue. We have even held out that Trinidad and Tobago remains available to assist in such conversations. We can be a meeting place, these types of things.

“We are always well received by President Maduro and his government as well as the United States government at the highest levels. I can’t give any more detail than that. We are aware and we have done all that we can to encourage the parties in the right direction. What we believe is the right direction,” he said.

Previously, Prime Minister Dr Keith Rowley had likened the Dragon gas negotiations to pushing a boulder up a mountain, and Young said he believes that proverbial boulder is now much ­closer to the pinnacle.

“Let us hope we can soon get it over and get into the conversation of when the gas would be able to come to Trinidad and Tobago,” he said.

https://trinidadexpress.com/news/local/ ... ff03f.html

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Re: Dragon gas deal with Venezuela

Postby Alpha_2nr » October 18th, 2023, 8:29 pm

The_Honourable wrote:T&T can pay cash for Dragon field gas

TRINIDAD AND TOBAGO can now make cash payments to Vene­zuela for the natural gas extracted from the Dragon field, Energy Minister Stuart Young has announced.

He also disclosed that the United States government has approved an amendment to the licence granted in January for the joint development of the field.

The previous requirement imposed by the United States in the January licence, which prohibited cash payments for the gas, had posed a significant challenge and appeared to jeopardise negotiations, with Venezuela’s President Nicolas Maduro publicly criticising its inclusion.

“I am pleased to tell the people of Trinidad and Tobago that today the United States government has issued through the Treasury Department’s OFAC (Office of Foreign Assets Control) to the Government of Trinidad and Tobago an amendment to the licence that we had requested in the terms that we have requested,” Young said yesterday.

“It also allows the Government of Trinidad and Tobago working along with NGC and Shell to negotiate complete negotiations and all agreements that need to be done with the government of Venezuela and PDVSA (Petroleos de Venezuela, SA) for the development and the production and the export of that gas from the Dragon gas field into Trinidad and Tobago for us to develop it and for us to make payments in FIAT currency, as well as US dollars as well as Venezuelan Bolivars as well as via humanitarian measures, which is what was envisaged initially,” he said during a news conference at the Ministry of Energy at the International Waterfront Centre in Port of Spain.

Young said there are no restrictions for the quantity of US cash that can be used.

The amended licence will now also run for two years until October 31, 2025, he said.

He believes this gives enough time to get everything sorted.

“So that OFAC licence now is a full greenlight for us to be able to do what needs to be done. In the meantime we have continued to be engaged with the government of Venezuela as well as PDVSA,” Young said.

He said after being notified of the amendment, he reached out to the Vice President of Venezuela Delcy Rodriguez and the information was well received.

The next step is that he will be returning to Venezuela soon to continue negotiations, the minister told reporters.

Young said he was hopeful that the negotiations will be successfully concluded, and that the gas from Dragon can be brought to Trinidad and Tobago in the “not too distant future”.

What was signed in Venezuela

Young yesterday sought to clarify the agreement that was signed in Venezuela on September 20 and the need for confidentiality.

“There are many, many persons in Venezuela seeking to do business with Venezuela so if the Venezuelan government is going to negotiate a deal with Trinidad and Tobago, they would not want the terms of that deal, the arrangements we have made, to be known to the others who they are also negotiating with. That is ‘Contracts 101’ and that is the reason for confidentiality, so unfortunately, we could not discuss the terms of what was signed in Venezuela,” he said.

“What I can tell you is that agreement is for the pursuit of the development of Dragon, it also permits for us to continue discussions with the government of Venezuela for other gas fields and other gas developments.

“It also got down into granular level detail with respect to the allocation of gas and for all of the gas from Dragon to come to Trinidad and Tobago and the allocation of that gas both to our domestic (petrochemical) sector as well as the LNG sector for Shell to continue to be our operator and our partner in these arrangements,” he said.

International media reported yesterday that the governments of the United States and Venezuela were poised to announce a deal that could pave the way for sanctions relief.

Asked about this, Young said: “At all stages we have continued to encourage dialogue, at all stages I can say and I can report, including on the last occasion as I was in Venezuela having those meetings and conversations, we encouraged dialogue. We have even held out that Trinidad and Tobago remains available to assist in such conversations. We can be a meeting place, these types of things.

“We are always well received by President Maduro and his government as well as the United States government at the highest levels. I can’t give any more detail than that. We are aware and we have done all that we can to encourage the parties in the right direction. What we believe is the right direction,” he said.

Previously, Prime Minister Dr Keith Rowley had likened the Dragon gas negotiations to pushing a boulder up a mountain, and Young said he believes that proverbial boulder is now much ­closer to the pinnacle.

“Let us hope we can soon get it over and get into the conversation of when the gas would be able to come to Trinidad and Tobago,” he said.

https://trinidadexpress.com/news/local/ ... ff03f.html



Sisyphus?

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Re: Dragon gas deal with Venezuela

Postby zoom rader » October 19th, 2023, 2:04 am

The_Honourable wrote:T&T can pay cash for Dragon field gas

TRINIDAD AND TOBAGO can now make cash payments to Vene­zuela for the natural gas extracted from the Dragon field, Energy Minister Stuart Young has announced.

He also disclosed that the United States government has approved an amendment to the licence granted in January for the joint development of the field.

The previous requirement imposed by the United States in the January licence, which prohibited cash payments for the gas, had posed a significant challenge and appeared to jeopardise negotiations, with Venezuela’s President Nicolas Maduro publicly criticising its inclusion.

“I am pleased to tell the people of Trinidad and Tobago that today the United States government has issued through the Treasury Department’s OFAC (Office of Foreign Assets Control) to the Government of Trinidad and Tobago an amendment to the licence that we had requested in the terms that we have requested,” Young said yesterday.

“It also allows the Government of Trinidad and Tobago working along with NGC and Shell to negotiate complete negotiations and all agreements that need to be done with the government of Venezuela and PDVSA (Petroleos de Venezuela, SA) for the development and the production and the export of that gas from the Dragon gas field into Trinidad and Tobago for us to develop it and for us to make payments in FIAT currency, as well as US dollars as well as Venezuelan Bolivars as well as via humanitarian measures, which is what was envisaged initially,” he said during a news conference at the Ministry of Energy at the International Waterfront Centre in Port of Spain.

Young said there are no restrictions for the quantity of US cash that can be used.

The amended licence will now also run for two years until October 31, 2025, he said.

He believes this gives enough time to get everything sorted.

“So that OFAC licence now is a full greenlight for us to be able to do what needs to be done. In the meantime we have continued to be engaged with the government of Venezuela as well as PDVSA,” Young said.

He said after being notified of the amendment, he reached out to the Vice President of Venezuela Delcy Rodriguez and the information was well received.

The next step is that he will be returning to Venezuela soon to continue negotiations, the minister told reporters.

Young said he was hopeful that the negotiations will be successfully concluded, and that the gas from Dragon can be brought to Trinidad and Tobago in the “not too distant future”.

What was signed in Venezuela

Young yesterday sought to clarify the agreement that was signed in Venezuela on September 20 and the need for confidentiality.

“There are many, many persons in Venezuela seeking to do business with Venezuela so if the Venezuelan government is going to negotiate a deal with Trinidad and Tobago, they would not want the terms of that deal, the arrangements we have made, to be known to the others who they are also negotiating with. That is ‘Contracts 101’ and that is the reason for confidentiality, so unfortunately, we could not discuss the terms of what was signed in Venezuela,” he said.

“What I can tell you is that agreement is for the pursuit of the development of Dragon, it also permits for us to continue discussions with the government of Venezuela for other gas fields and other gas developments.

“It also got down into granular level detail with respect to the allocation of gas and for all of the gas from Dragon to come to Trinidad and Tobago and the allocation of that gas both to our domestic (petrochemical) sector as well as the LNG sector for Shell to continue to be our operator and our partner in these arrangements,” he said.

International media reported yesterday that the governments of the United States and Venezuela were poised to announce a deal that could pave the way for sanctions relief.

Asked about this, Young said: “At all stages we have continued to encourage dialogue, at all stages I can say and I can report, including on the last occasion as I was in Venezuela having those meetings and conversations, we encouraged dialogue. We have even held out that Trinidad and Tobago remains available to assist in such conversations. We can be a meeting place, these types of things.

“We are always well received by President Maduro and his government as well as the United States government at the highest levels. I can’t give any more detail than that. We are aware and we have done all that we can to encourage the parties in the right direction. What we believe is the right direction,” he said.

Previously, Prime Minister Dr Keith Rowley had likened the Dragon gas negotiations to pushing a boulder up a mountain, and Young said he believes that proverbial boulder is now much ­closer to the pinnacle.

“Let us hope we can soon get it over and get into the conversation of when the gas would be able to come to Trinidad and Tobago,” he said.

https://trinidadexpress.com/news/local/ ... ff03f.html


Image u have to get permission to buy ur neighbours car from the US.

Yet still need a visa to the US.

Rape of a banana Republic

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Re: Dragon gas deal with Venezuela

Postby pugboy » October 19th, 2023, 6:58 am

economic slavery my friend

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Re: Dragon gas deal with Venezuela

Postby zoom rader » October 19th, 2023, 7:07 am

pugboy wrote:economic slavery my friend
If this was India telling you, u can't buy a car then protess all over.

Monkeys know which tree to climb

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Re: Dragon gas deal with Venezuela

Postby paid_influencer » October 19th, 2023, 8:08 am

yea we balls firmly in the vice grip now

if we try to jump out and do something like support Palestine in the UN General Assembly vote,

the vice grip will squeeze

they could decide to squeeze the vice grip for any number of perceived slights or unmet demands

squeeze we balls

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Re: Dragon gas deal with Venezuela

Postby The_Honourable » October 19th, 2023, 4:04 pm

Stakeholders on Dragon gas deal: KISS OF LIFE FOR TRINIDAD AND TOBAGO

THE extension of the licence issued by the US Office of Foreign Assets Control (OFAC) for Trinidad and Tobago to access natural gas from the Dragon gas field in Venezuela and the ability to pay for that gas in different ways was welcomed with a mix of optimism and calls for Government to move expeditiously to seize this opportunity.

Among those commenting were former government ministers Vasant Bharath and Kevin Ramnarine, energy analyst Gregory McGuire, UWI economist Dr Vaalmiki Arjoon, Greater San Fernando Chamber of Commerce president Kiran Singh, the American Chamber of Commerce (Amcham) and the Confederation of Regional Business Chambers (CRBC).

Energy Minister Stuart Young announced the extension of the licence to October 31, 2025, at a news conference at the Port of Spain International Waterfront Centre on Tuesday.

He said the extension for a further two years gives Government “more than enough time for us to get done what needs to get done.”

The original OFAC licence to TT was granted in January.

Young said the extension also allows Government to pay for gas from the field in “fiat currency, as well as US dollars, as well as (Venezuelan bolivares), as well as via humanitarian measures.”

Bharath praised Young, his ministry, Shell and the National Gas Company (NGC) for this development.

He said this project has been stalled for decades as a result of lack of capital, partners and US sanctions against Venezuela.

Bharath said it is not a secret that for the last decade, an insufficient feedstock of natural gas has hampered the operations of many companies at the Point Lisas Industrial Estate.

In this context, he said the extension of the OFAC licence “presents a much-needed kiss of life to operators in Point Lisas as well as TT’s ability to attract new FDI (foreign direct investment).” Bharath views the widening of the agreement to allow different ways to pay for the gas as “a welcome sign that the US is continuing its efforts to bolster supplies in the global energy market, which remains disrupted by the Russian invasion of Ukraine.”

He wanted to see the details of the financial arrangements for the project, including profit-sharing arrangements. Bharath said this is important “particularly, in light of the fact that PDVSA (Venezuela’s state energy company) has been crippled for decades with sanctions, lack of investment, loss of skilled labour, corruption and mismanagement.”

From his conversations with experts in TT and Venezuela, Ramnarine said it could take a minimum of two years to access the first gas from Dragon.

“A question mark hangs on the status of the wells that were drilled in the Dragon field almost 14 years ago and what infrastructure would be required to produce the natural gas and handle the associated liquids.”

Ramnarine said the public should be told what the total capital expenditure for the project is, who will fund it and “what money the NGC would be required to put out.”

He underscored the importance of timelines.

Ramnarine said Shell was awarded front-end engineering and design contracts for the Manatee field for the first quarter of 2023, with the first gas from Manatee in the first quarter of 2028.

“These timelines are indicative of the technical and engineering realities of these projects.”

While a lot of commercial and technical work needs to be done, Ramnarine said, “I think two years is optimistic.”

This optimism, he continued, “is based on a political deliverable given the encroachment of the next general election (in 2025).

McGuire said, “It’s positive news. Prospects for an investment decision look better.” He added, “The timeframe is still very tight and much still depends on the path taken by Venezuela in pursuing a solution to its political crisis.”

The US government had previously said it would consider easing restrictions on Venezuela if its president, Nicolas Maduro, allowed free and fair elections.

The Associated Press (AP) reported on Tuesday that Venezuela’s government and a faction of its opposition agreed formally to work together to “reach a series of basic conditions for the next presidential election, including scheduling the contest for the second half of 2024.”

Arjoon said once Dragon gas can be monetised and exported, “this can be the start of a new era for further cross-border energy partnerships between Trinidad and Venezuela, and even other South American economies.”

He added, “Our gas production has declined by 36 per cent in the last decade and currently stands at approximately 2.5 bcf (billion cubic feet) per day.”

Apart from supplementing domestic gas production, Arjoon said the success of the Dragon gas deal may open doors to other opportunities in Venezuela.

“Venezuela boasts the ninth largest gas reserves globally, standing at 203 trillion cubic feet (tcf), yet it’s not an exporter.”

Arjoon said Maduro is actively working to change this as shown by granting gas export licences to Repsol and Eni SPA.

“Venezuelan law allows international companies to invest independently in the natural-gas sector, without requiring partnership with PDVSA.”

Arjoon believed Maduro would prefer US-dollar payments for Venezuela’s share in the Dragon gas deal “given their substantial need for US-dollar investments to rejuvenate their petroleum infrastructure.”

He said that expenditure could range from US$110-$250 billion, despite recent investments from Russia, China and Iran.

Arjoon suggested Venezuelan gas should be looked at as one part of TT’s hydrocarbon equation.

He said the other part should be continued adjustments to the fiscal strategy to incentivise energy companies to make added local investments.

“An enhanced fiscal strategy can ensure greater success in future bid rounds.”

Singh said, “This announcement will bring back some level of confidence to the energy sector, which has been languishing for some time.”

The domestic petrochemical sector, he continued, “will benefit tremendously from a new gas inflow.

“The payment for the new supply via cash or humanitarian means will encourage a steady flow for the medium term.”

He said the Dragon gas deal can play an important role in TT’s economic diversification.

“It will also buy us much-needed time to prepare for the incoming revenue stream and to enable the diversification process.”

In a statement, Amcham was optimistic that “this latest development will lead to several opportunities for our energy sector.”

Amcham promised to continue to support these efforts through its engagement with various arms of the US government and private sector.

“We also take note of and welcome recent, Caricom-supported agreements that could lead to the strengthening of Venezuela’s democracy and, ultimately, full reintegration into hemispheric systems.”

In a separate statement, the CRBC said, “It’s a major step in the right direction as US payments were probably the biggest hurdle.”

The CRBC acknowledged there remains a lot of regulatory and commercial work to do by both TT and Venezuela to ensure the success of the project.

The CRBC wished Government “every success in this Dragon Gas field project and looks forward to a brighter outlook for Trinidad and Tobago due to their strategic efforts.”

https://newsday.co.tt/2023/10/19/stakeh ... nd-tobago/

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Re: Dragon gas deal with Venezuela

Postby sMASH » October 19th, 2023, 5:20 pm

Earliest to get dragon gas is 2028 snd by then prices will be dog price cause it will have plenty solar snd wind mill.

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Re: Dragon gas deal with Venezuela

Postby shaneelal » December 14th, 2023, 7:55 pm

Differing LNG outlook stalls Shell talks on gas project with Venezuela -sources
By Curtis Williams
December 14, 202312:43 PM GMT-4

HOUSTON, Dec 14 (Reuters) - A disagreement between Shell PLC (SHEL.L) and Venezuela's state company PDVSA (PDVSA.UL) over future liquefied natural gas (LNG) prices has gridlocked talks on a license for Shell and Trinidad and Tobago's National Gas Company (NGCTT.UL) to operate a Venezuelan gas field, two people close to the negotiations said.

Trinidad is seeking access to up to 4.2 trillion cubic feet (TCF) of gas in Venezuela's Dragon offshore field to ramp up exports of LNG and petrochemicals, which have suffered in recent years because of gas curtailment. Dragon sits on Venezuelan waters, near the maritime border between the two countries.



"The Venezuelan government has made it clear to Trinidad and Tobago that the license will not be issued to Shell and NGC unless Shell and PDVSA come to an agreement on future LNG prices," the people said.

Shell projects soft LNG prices to 2050, but Venezuela has argued that many analysts suggest that LNG prices at Europe's TTF and Asia's JKM are likely to remain strong in the long term, the people said.


Shell, NGC, PDVSA and Trinidad's energy ministry did not immediately respond to requests for comment.

Trinidad's Prime Minister Keith Rowley last week told journalists in a broadcast conference about issues surrounding a deal for Dragon, which his government has no control over. The Caribbean nation was not "putting all its eggs in one basket," he said, without elaborating on details.

The parties had originally planned to have the license approved by the end of December, after receiving U.S. authorization in January and agreeing to the main terms.

At issue is a 25-year authorization to send an initial volume of 300 million cubic feet per day (mmcfd) of Venezuelan gas to Trinidad for LNG production starting in late 2026, and an additional 50 mmcfd to petrochemical plants. Shell is set to operate the project with a 70% stake and NGC would hold the remaining 30%.

Trinidad's flagship Atlantic LNG project includes four processing trains that can turn up to 15 million metric tons per annum (MTPA) of gas into a superchilled liquid product ready for export. But last year the facility only produced 8.2 MTPA due to one idled train, official figures showed.

Atlantic LNG is a significant contributor to Shell's LNG portfolio. Last year, Shell's share of the facility's output was 4.4 million metric tons or 15% of its global production.

Venezuela, which holds Latin America's biggest gas reserves, and neighboring Trinidad, the region's largest LNG exporter, would complement each other's needs to produce and export gas.


https://www.reuters.com/business/energy ... 023-12-14/

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88sins
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Re: Dragon gas deal with Venezuela

Postby 88sins » December 16th, 2023, 5:14 pm

Getting into an arrangement for a resource with someone who neither fears nor respects you and can cripple you if they so chose to is a rather unwise thing to do.

But lewwe see if/how this so-called deal works out in the long term.

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wing
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Re: Dragon Gas Deal With Venezuela

Postby wing » December 22nd, 2023, 12:21 am

Apparently it's a deal.
Screenshot_2023-12-22-00-20-14-853_com.linkedin.android.jpg

wingnut
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Re: Dragon gas deal with Venezuela

Postby wingnut » December 22nd, 2023, 9:47 pm

Look like its a 30 year license, hopefully uncle sam doh play up and cut it short


https://www.reuters.com/business/energy ... 023-12-22/

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Re: Dragon gas deal with Venezuela

Postby pugboy » December 22nd, 2023, 10:12 pm

nice man, could go to the international agencies iadb etc and get financing to keep the voters happy

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DMan7
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Re: Dragon gas deal with Venezuela

Postby DMan7 » December 22nd, 2023, 10:15 pm

PNM 2025 to 2055?

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The_Honourable
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Re: Dragon gas deal with Venezuela

Postby The_Honourable » December 22nd, 2023, 10:38 pm

PM Press Conference about Dragon Gas


pugboy
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Re: Dragon gas deal with Venezuela

Postby pugboy » December 23rd, 2023, 5:15 am

so what exactly will the deal be ?
it is vene gas, so how much we paying for it and how much we making off of it when it is made to lng ?

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Re: Dragon gas deal with Venezuela

Postby Kickstart » December 23rd, 2023, 10:55 am

pugboy wrote:so what exactly will the deal be ?
it is vene gas, so how much we paying for it and how much we making off of it when it is made to lng ?
Your kids and their kids will pay for it.

Normal citizens don't see these benefits

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88sins
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Re: Dragon gas deal with Venezuela

Postby 88sins » December 23rd, 2023, 1:35 pm

Kickstart wrote:
pugboy wrote:so what exactly will the deal be ?
it is vene gas, so how much we paying for it and how much we making off of it when it is made to lng ?
Your kids and their kids will pay for it. & politicians and their minions will see the gains from it.

Normal citizens don't see these benefits


Fixed

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Cantmis
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Re: Dragon gas deal with Venezuela

Postby Cantmis » December 23rd, 2023, 3:43 pm

So who can switch the gas on and off ?

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