The Government has received congratulations for successfully securing an Office of Foreign Assets Control (OFAC) licence from the US Treasury Department to proceed with the development of the Dragon gas field in collaboration with Venezuela.
The American Chamber of Commerce of Trinidad and Tobago (AMCHAM T&T) said it recognises this development as important for Trinidad and Tobago’s energy sector and wider economy, reinforcing the nation’s strategic role in advancing regional energy security.
AMCHAM reaffirmed its commitment to working alongside the government, energy stakeholders, members and foreign partners to facilitate sustainable economic development.
The Energy Chamber of Trinidad and Tobago also extended congratulations on the achievement, noting that the Government of T&T, along with State entities and private companies, will now be able to engage with Venezuela without being affected by sanctions. This means the involved entities may resume work on commercial and technical terms over the next six months.