(Energy Analytics Institute, Piero Stewart, 25.Aug.2018) — Venezuela will send its Dragón field natural gas to Trinidad for processing.
That’s according to a deal signed today in Caracas between the governments of Trinidad and Tobago and Venezuela, reported Venezuela’s Ministry of Petroleum in a series of tweets. The countries were represented by Prime Minister Dr. Keith Rowley and President Nicolas Maduro, respectively.
#EnVivo 📹 | Palacio de Miraflores | Firma de acuerdos en materia energética entre la República Bolivariana de Venezuela y la República de Trinidad y Tobago, para el desarrollo común y el bienestar de nuestros pueblos. https://t.co/CwJ2jpJjEm
— Nicolás Maduro (@NicolasMaduro) August 25, 2018
The deal calls for construction, operation and maintenance of a 16-inch diameter submarine gas pipeline that will span 15 kilometers from the Dragón field in Venezuela to the Hibiscus field in Trinidad and Tobago.
Companies involved in the pipeline project include: PDVSA, National Gas Company of Trinidad and Tobago (NGC), and Shell Trinidad and Tobago Limited.
Gas from Venezuela will be used in Trinidad and Tobago to feed the twin-island country’s LNG plant and potentially other industries.
However, it’s still unclear what initial production will look like or when the pipeline will be online.
Venezuela’s National Assembly has not approved the gas agreement. However, under Venezuela’s gas laws, no approval is needed to move forward with negotiations such as those signed today.