Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro.
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 .
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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: U.S. grants license to Trinidad and Tobago to develop Venezuela offshore gas fieldThe U.S. Treasury Department has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, a senior Biden administration official said on Tuesday, marking a further easing of some sanctions on Venezuela.
Read more »
Exclusive: U.S. issues license to Trinidad and Tobago to develop Venezuela offshore gas fieldThe Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela.
Read more »
How human rights activists chased off Venezuela’s strongmanThe strongman leader of Venezuela, Nicolas Maduro, was due to attend a heads of state summit of the Community of Latin American and Caribbean States in Buenos Aires on Monday. Maduro planned to hold important bilateral talks and use the podium to advance his anti-American agenda. Moments before…
Read more »
Venezuela's inflation slows to 234% in 2022, vice president saysInflation in Venezuela hit 234% in 2022, Vice President Delcy Rodriguez said on Monday, representing a slowdown from the previous year, as the South American country struggles with a deep and lengthy economic crisis.
Read more »
Denver bilingual school welcomes 20 students from VenezuelaCole Arts and Science Academy, a bilingual school in Denver Public Schools, welcomed 20 new students from Venezuela on Monday morning. via NicoleDenver7
Read more »
Venezuela public sector workers march for better salariesHundreds of public sector workers including teachers, nurses and retired police officers took to the streets in Venezuela on Monday to demand better salaries and pensions at a time when the government of President Nicolas Maduro faces growing inflation.
Read more »