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The government of Trinidad and Tobago has received support from the United States to approve licenses for the development of cross-border energy resources in Venezuela. This development is expected to benefit the energy sector and economy of Trinidad and Tobago. The announcement was made in a statement issued by the Office of the Prime Minister (OPM) on September 30. The statement followed a meeting between Prime Minister Kamla Persad-Bissessar and US Secretary of State Marco Rubio at the US State Department in Washington, DC. The government was informed that Rubio supports the approval of the relevant Office of Foreign Assets Control (OFAC) licenses to begin discussions toward developing cross-border hydrocarbons. The projects that could be affected by this decision are the Dragon and Manakin-Cocuina gas projects. Principal Deputy Spokesperson Tommy Pigott stated that Rubio outlined US support for the government’s Dragon gas proposal and steps to ensure it will not provide significant benefit to the Maduro regime in Venezuela. Rubio acknowledged the importance of energy security to Trinidad and Tobago’s economic prosperity and regional stability. On April 8, then Prime Minister Stuart Young announced that the US Treasury Department’s OFAC had revoked licenses issued for the Dragon and Manakin-Cocuina fields in Venezuela. These licenses were granted under the former Joe Biden administration in 2023. A statement from the Office of the Prime Minister on April 18 said Young had a telephone conversation with Rubio. Both agreed to continue working towards the successful pursuit of Trinidad and Tobago’s energy initiatives. Rubio also recognised energy security was important to Trinidad and Tobago’s prosperity and economy and suggested any adverse effect on Trinidad and Tobago was not meant to harm relations. Both sides agreed to work closely to find a solution that achieves US objectives regarding Venezuela without harming Trinidad and Tobago. However, any compromise must be in line with US policies regarding Venezuela.
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