The United States Department of the Treasury has issued new general licenses that authorise activities relating to the exploration and production of natural gas in Venezuela. These licenses form part of a broader easing of sanctions on Venezuela’s energy sector by the US government.
Sharing the news on social media, Prime Minister Kamla Persad‑Bissessar SC welcomed the issuance of U.S. General Licenses 49 and 50. She said this change provides a clear and structured legal framework under US law for certain oil and gas activities in Venezuela and along the shared maritime border.
Prime Minister Persad‑Bissessar further stated, “As a longstanding close partner of the United States, Trinidad and Tobago views this development as an important opportunity to deepen hemispheric energy cooperation, strengthen regional stability, and reinforce trusted commercial ties.
We are optimistic about the potential to enhance our role as a responsible energy hub in the Caribbean, supporting domestic industry, safeguarding jobs, and contributing to reliable supply chains that benefit the wider region.
Trinidad and Tobago will proceed in full compliance with applicable legal and regulatory requirements and in keeping with our commitment to transparency and sound governance.”