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☆ Tobago's Tourism, Fishing Hit as Oil Slick Spreads Across Caribbean
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

The spill has spread miles from Tobago's shore, the area first impacted by the incident, leading authorities to alert its Caribbean neighbors, including Venezuela and the island of Grenada. I cannot simply sit down and do nothing," said Edwin Ramkisson, who makes a living fishing for snapper and salmon in Lowlands, on Tobago's Atlantic shore. The slick has reached about 144 kilometers (89 miles) into the Caribbean Sea and is moving at a rate of 14 km per hour, Tobago's Chief Secretary Farley Augustine said on Thursday. The barge is believed to have carried as much as 35,000 barrels of fuel oil, according to Augustine. The spill has stained Tobago's beaches, impacting wildlife and tourism, and has posed a risk to the Scarborough cruise ship port.

Persons: Curtis Williams, Edwin Ramkisson, Farley Augustine, Augustine, Tobago's Emergency Management Agency Allan Stewart, TankerTrackers.com, Marianna Parraga, Bill Berkrot Organizations: Tobago's Coast Guard, Tobago's Emergency Management Agency, Puerto La Locations: Curtis Williams SCARBOROUGH , Tobago, Trinidad, Tobago's, Venezuela, Grenada, Lowlands, Scarborough, Tobago, Panama, Guyana, Puerto, Puerto La Cruz, St, Vincent, Grenadines

☆ Exclusive: Venezuela close to approving offshore gas license with Trinidad, Shell
▼ + stars: | 2023-11-20 | by ( Curtis Williams | ) www.reuters.com time to read: +4 min

The installations of liquified natural gas producer Atlantic LNG are pictured in Point Fortin, Trinidad and Tobago, December 10, 2022. REUTERS/Andrea De Silva/File Photo Acquire Licensing RightsNov 20 (Reuters) - Venezuela is close to approving a license for Shell (SHEL.L) and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said. The license could set in motion a long-running effort by Trinidad to boost its gas processing and petrochemical exports, while providing Venezuela with a much-needed extra source of cash. Venezuela, which holds Latin America's biggest gas reserves, and neighboring Trinidad, the region's largest liquefied natural gas (LNG) exporter, would complement each other's needs to produce and export gas. Trinidad and Tobago has the capacity to process 4.2 billion cubic feet per day (bcfd) into LNG, petrochemicals and power, but its gas production is about 2.7 bcfd.

Persons: Andrea De Silva, PDVSA, Stuart Young, Curtis William, Marianna Parraga, Marguerita Choy Organizations: Atlantic, REUTERS, Shell, National Gas Company, U.S, Trinidad's Energy, NGC, Thomson Locations: Point Fortin, Trinidad and Tobago, Venezuela, Caribbean, Trinidad, U.S, Venezuela's, Caracas, Trinidad ., Guiria, Houston

The U.S. in January granted Venezuela's PDVSA, Shell and NGC a two-year authorization to revive the project, which could boost Trinidad and Tobago's gas processing and exports. Negotiations between the trio initially had progressed little over a U.S. demand that the proposed Dragon gas project exclude cash payments to Venezuela or its state companies. "Discussions on the Dragon project involving the governments of Venezuela and Trinidad and Tobago and Shell are ongoing and commercially confidential," Shell told Reuters. PDVSA, Venezuela's oil ministry and Trinidad's energy ministry did not reply to requests for comment. A second could connect to Shell's Hibiscus field on Trinidad's side, allowing gas to flow to Trinidad, the people said.

Persons: Chris Helgren, Venezuela's PDVSA, Biden, PDVSA, Shell, Stuart Young, Nicolas Maduro, Keith Rowley, Trinidad's, Curtis Williams, Marianna Parraga, Timothy Gardner, Marguerita Choy Organizations: Shell, REUTERS, Rights, Tobago's National Gas Company, NGC, Reuters, Trinidad's Energy, U.S . Treasury, U.S . State Department, Trinidad's, U.S, Washington, Thomson Locations: Vancouver , British Columbia, Canada, Trinidad, U.S, Venezuela, Trinidad and Tobago, Maduro, Guiria, Point Fortin, Houston, Washington

☆ Trinidad offers to pay for Venezuelan gas with humanitarian supplies
▼ + stars: | 2023-01-25 | by ( Curtis Williams | ) www.reuters.com time to read: +2 min

The U.S. Treasury Department on Tuesday issued a license allowing Trinidad to co-develop the Dragon gas field, which holds 4.2 trillion cubic feet of reserves on the Venezuelan side of the maritime border with Trinidad. The project would have Trinidad import the gas and turn it into exportable liquefied natural gas (LNG). So we buy the gas and we pay for it in a variety of ways," Rowley told journalists late on Tuesday. Venezuela has resorted to swaps to make its economy work amid stiff U.S. sanctions prohibiting financial transactions or the use of dollars to pay Venezuela or the country's state companies. Shell (SHEL.L), which operates the neighboring Hibiscus field in Trinidad, ideally could become the operator, said Trinidad's Rowley.

PDVSA has found reserves of 4.2 trillion cubic feet (TCF) in the Dragon field, on the Venezuelan side of its maritime border with Trinidad. Even with Washington's granting of Trinidad's request, it could take years of investment and development to bring Venezuelan gas to Trinidad and boost LNG to Europe, experts say. In addition, with no payments authorized to Venezuela, it could be difficult for Trinidad to craft a deal with Caracas. "At the request of the Government of Trinidad and Tobago, the United States Department of the Treasury issued a specific license to enable Trinidad and Tobago to develop the Dragon gas field," the senior administration official said. The Chevron license is meant to reopen some oil flows that were shut by U.S. sanctions nearly four years ago.

If approved, its gas could restart an idled liquefaction train with a 500 million cubic feet per day (cf/d) capacity at Trinidad's flagship Atlantic LNG project. The facility is a venture mainly including Shell (SHEL.L), BP and state-owned National Gas Company of Trinidad and Tobago (NGC). YEARS OF WORK AHEADTrinidad is Latin America's largest liquefied natural gas (LNG) exporter, with installed capacity to process 4.2 billion cf/d into LNG, petrochemicals and power. Even if Washington granted Trinidad's request, it could take years of investment and development to bring Venezuelan gas to Trinidad and boost LNG to Europe. That project follows an amended production sharing contract for the Manatee gas field in Trinidad, which extends to Venezuela's Loran field.

☆ Trinidad gets to work on design of small LNG hub to feed the Caribbean
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationPORT OF SPAIN, Oct 27 (Reuters) - Trinidad and Tobago's state-owned gas company has started work on designing a small-scale liquefied natural gas (LNG) hub that could help the Caribbean move away from oil-based power generation, the firm told Reuters. LNG producers in Trinidad have ramped up supplies to Europe this year amid buoyant demand and high prices. LNG to be handled by the plant will be sourced from the Atlantic LNG project. NGC said it will continue selling the fuel to customers in other regions and will evaluate the feasibility of LNG shipments via ISO containers that can be loaded onto feeder ships, or via small LNG carriers if economical. For shipments via LNG carriers, regasification terminals will be required at destinations.

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