00:00The Energy Chamber said in a statement that Venezuelan gas can be seen as a strategic complement to domestic production
00:07and a way to extend the life and value of Trinidad and Tobago's LNG and petrochemical industries.
00:13An apparent reference to the LNG, or liquefied natural gas facility, operated by Atlantic LNG in Point Fortin
00:19and the petrochemical plants in Point Lisas, which produce downstream natural gas products such as ammonia and methanol,
00:27which, like LNG, are high-value exports.
00:30The Energy Chamber issued its statement the day after International News Agency Reuters reported
00:34that global oil and gas exploration giant Shell is advancing talks with the government of Venezuela
00:40for the development of four large areas of natural gas near Trinidad and Tobago.
00:45The Energy Chamber said independent research and energy intelligence company Ristad describes Venezuelan gas
00:52as the most credible long-term stabilizer because of its proximity to Trinidad's eastern offshore acreage pipeline network
00:59and existing industrial infrastructure.
01:02However, the Energy Chamber noted that while they may not fully close the country's supply gap,
01:08they create a stronger platform for growth and reinforce the importance of cross-border gas
01:13as part of a longer-term solution.
01:16The Energy Chamber said Trinidad and Tobago's natural gas sector could receive a meaningful boost from 2027
01:21as regional cooperation gains momentum and a new wave of upstream projects led by BP and Shell moves towards first
01:29gas.
01:30It further said that these developments are expected to provide welcome relief in the downstream sector
01:36and improve feed gas availability for LNG operations.
01:40Julie Brown, TV6 News.
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