00:00The government of Trinidad and Tobago has welcomed a significant development in the energy sector
00:06following the issuance of U.S. General License 49 and General License 50
00:12by the United States Treasury's Office of Foreign Assets Control.
00:17In a statement posted to ex-Prime Minister Kamala Pesad Vassasa said
00:21these licenses provide a clear and structured legal framework under U.S. law
00:27for certain oil and gas activities in Venezuela
00:30and in areas along the maritime boundary shared by the two nations,
00:35a move the government says opens new avenues for cooperation.
00:40As a long-standing partner of the United States, Trinidad and Tobago, she says,
00:45views the development as an important opportunity to deepen hemispheric energy cooperation,
00:51strengthen regional stability and reinforce trusted commercial ties across the Americas,
00:58particularly in the energy sector.
01:00She says the licenses support the country's ambitions to enhance its role
01:04as a responsible energy hub in the Caribbean, boosting domestic industry, protecting jobs
01:10and contributing to dependable energy supply chains that benefit the wider region.
01:16The move comes amid renewed global interest in Venezuela's energy potential
01:21and efforts to balance legal compliance with practical opportunities for cross-border development.
01:28In welcoming the licenses, Pesad Vassasa emphasized that all activities will proceed
01:33in full compliance with applicable legal and regulatory requirements
01:38and in line with its commitment to transparency and sound governance.
01:42As energy markets continue to evolve, leaders here are optimistic that these new authorizations
01:49will help Trinidad and Tobago navigate complex geopolitical landscapes,
01:54securing long-term benefits for the nation's economy and for regional energy security.
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