Source link : https://theamericannews.net/america/venezuela/us-pulls-the-plug-on-trinidad-venezuela-gas-ventures-2/
In a significant move that could reshape the energy landscape in the Caribbean, the United States government has officially revoked licenses for a series of gas projects connecting Trinidad and Venezuela. The decision, reported by Upstream Online, marks a pivotal moment amid ongoing geopolitical tensions and economic struggles in Venezuela. The revoked licenses, which previously permitted the exploration and development of natural gas resources in the region, may complicate energy cooperation between Trinidad and Tobago and its neighboring country to the south. As stakeholders navigate this new reality, the implications for the regional energy market, investment opportunities, and bilateral relations are poised to unfold in the coming months.
US Administration’s Decision to Revoke Licences Impacts Trinidad-Venezuela Gas Ventures
The recent decision by the US government to revoke licenses for gas projects involving Trinidad and Venezuela has sent ripples through the energy sector of the Caribbean and Latin America. This move is believed to be aimed at reinforcing sanctions against Venezuela, which has been under international scrutiny for its political and human rights issues. The ramifications of this decision are significant, as it puts at stake the development of several gas ventures that have been seen as vital for regional energy security and economic collaboration. Industry experts are now concerned about the long-term impact on Trinidad’s economy, which has…
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Author : Olivia Williams
Publish date : 2025-07-17 04:34:00
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