Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, warned of severe consequences if the Dragon gas deal with Venezuela fails, highlighting the vital role of energy revenue for national stability. He emphasized the necessity of strong leadership in navigating geopolitical challenges and underscored the long-term importance of energy initiatives to fund essential services. Rowley urged citizens to remain supportive of these projects amid negative narratives.

Prime Minister Dr. Keith Rowley of Trinidad and Tobago has voiced concerns regarding the potential consequences of the Dragon gas deal with Venezuela, suggesting that the nation faces dire financial repercussions should the agreement fail. Rowley articulated that the revocation of the United States licence for this deal or Venezuela’s refusal to grant access to the gas could lead to a financial calamity for his nation.

Speaking at the commemoration of the Port of Spain General Hospital Central Block completion, Rowley emphasized the importance of energy revenue to sustain the country’s infrastructure, including hospitals and schools. He responded to criticisms from the Opposition, defending the Dragon gas project and urging the public to reject negative narratives surrounding its success.

Rowley remarked that success in securing a licence to extract gas from Venezuelan fields is a noteworthy achievement, particularly amidst complex geopolitical challenges. He warned that sanctions from powerful nations like the United States could jeopardize Trinidad and Tobago’s economy, underscoring the need for strong leadership in these uncertain times.

The Prime Minister stressed the partnership with Venezuela, highlighting the ongoing gas extraction from the shared Manatee field by Shell. He encouraged citizens to remain vigilant and avoid celebrating any potential failings of the energy agreements, which he believes are vital for the country’s future.

Maintaining a focus on the long-term impacts of energy projects, Rowley questioned the state of Trinidad and Tobago if these initiatives were not in place. He emphasized that the gradual depletion of gas resources would likely strain revenue streams and challenge the government’s ability to manage subsidies for essential services. He cautioned that while support from the International Monetary Fund is an option, it often comes with stringent conditions that could exacerbate the current issues.

In summary, Prime Minister Dr. Keith Rowley highlights the critical importance of the Dragon gas deal with Venezuela for Trinidad and Tobago’s financial stability. He warns of the potential consequences of a failure in this agreement, particularly as it pertains to the country’s ability to fund essential services. The PM emphasizes the need for strong leadership and the role of energy agreements in sustaining the nation’s future amidst global economic uncertainties.

Original Source: www.stabroeknews.com

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