07/05/2026
🇹🇹🇻🇪 Venezuela- Trinidad Gas Cooperation Issues and Benefit Analysis.
Venezuela holds the eighth largest natural gas reserves on the planet, roughly 200 trillion cubic feet, and almost none of it is earning a single dollar. It just sits there, stranded offshore.
Trinidad and Tobago is nine miles away, with one of the world's great LNG export facilities running well below capacity because we don't have enough gas to fill it. Point Lisas, once a global leader in ammonia and methanol, has been limping along for years for the same reason.
This should not be a hard problem to solve.
A detailed analysis I've prepared lays out what I see as actually on the table. Venezuela could earn between US$125 million and over US$1.5 billion a year in government revenue from offshore gas fields that currently earn nothing. Trinidad stands to gain US$1.5 to 2.5 billion annually, from filling Atlantic LNG back up and restarting the idle petrochemical plants at Point Lisas. Plus, there are job creation and other downstream benefits to the economy. The infrastructure gap to monetize Dragon Gas is nine miles of subsea pipeline. The liquefaction facility is already built. The plants are already built. The markets exist.
There are real hurdles. BP and Shell have to build new offshore platforms and pipelines, both governments need to finalise fiscal terms and a bilateral framework, US sanctions through OFAC have to be properly managed, and a Final Investment Decision has to be made. None of that is simple. But the economic case for every party involved is overwhelming.
https://drive.google.com/file/d/1-msIDXQLtxgoqBMsERGgSj2lP09_cn_F/view?fbclid=IwY2xjawRpMO5leHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeY8NEY8Qf7W_80pHLupBNC7X7wthcBiU7jm0Bf8yT9gN-qEv1oKS8Ewt07A0_aem_ayNdYw-QnKPkiZ-IqIX35A Courtesy of KLL.
