Trinidad PM Warns of Economic Risks from Venezuela Gas Deal

Prime Minister Dr. Keith Rowley warned about potential economic consequences for Trinidad and Tobago if the Dragon gas deal with Venezuela fails. He stressed the importance of the agreement amidst geopolitical challenges and the necessary revenue for public services. Rowley urged citizens to focus on supporting national initiatives rather than celebrating setbacks.

Prime Minister Dr. Keith Rowley has expressed concern regarding potential ramifications for Trinidad and Tobago if the Dragon gas deal with Venezuela does not proceed favorably. While he remains confident in the nation’s agreements, he warned that revocation of U.S. licenses or Venezuela’s refusal to cooperate could lead to significant economic challenges for the country, particularly in fulfilling its financial commitments.

During a recent ceremony marking the nearing completion of the Port of Spain General Hospital, Rowley emphasized the importance of maintaining revenue for essential services like healthcare and education. He criticized the negative sentiment circulating about the Dragon gas project, urging citizens to support their country’s initiatives instead of celebrating perceived failures.

He voiced concerns that without solid energy agreements, Trinidad and Tobago might encounter dire consequences. He elaborated on the need for awareness of the current political climate and its implications on national resources, stressing the importance of a cooperative relationship with Venezuela to ensure access to necessary gas resources.

Rowley noted the successful securing of a U.S. license amid geopolitical tensions as a notable achievement, highlighting that the economic viability and future prosperity of Trinidad and Tobago hinge on these arrangements. He urged citizens to remain vigilant about the energy deal and its impacts on the national economy, warning them against short-term celebrations of setbacks.

He projected the long-term effects of dwindling gas supplies on the economy, questioning the sustainability of Trinidad and Tobago’s revenue streams without ongoing energy projects. Rowley reminded his audience that the revenue from Point Lisas, critical for the nation’s finances, could be jeopardized, complicating the government’s ability to provide subsidies for essential services if alternative income sources do not emerge.

In conclusion, Prime Minister Dr. Keith Rowley cautioned against underestimating the potential impact of the Dragon gas deal with Venezuela on Trinidad and Tobago’s economy. Emphasizing the need for solidarity in supporting national projects, he highlighted the risks posed by geopolitical factors and the diminishing gas supplies. The Prime Minister called for careful consideration and responsibility in navigating future energy agreements to safeguard the nation’s economic stability.

Original Source: www.stabroeknews.com