Trinidad secures 6 month OFAC license for Venezuela’s Dragon gas

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 10.Oct.2025, Words: 305 — Twin-island nation Trinidad and Tobago secured a 6-month license from the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) enabling negotiations with neighboring Venezuela related to procurement of natural gas from the Dragon field, which is located offshore Venezuela.

The license, supported by US secretary of state Marco Rubio, allows discussions without breaching US sanctions.