Pipelines, Storage & Power

Trinidad-Venezuela deal prompts questions on price

Trinidad and Tobago finally has an agreement to import gas from Venezuela, but it is keeping the terms confidential – and with good reason Trinidad and Tobago finally has an agreement to import gas from Venezuela, but it is keeping the terms confidential – and with good reason.
By Chris Noon 30 August 2018 0 32348
The Hibiscus platform off Trinidad. (Shell)

Trinidad and Tobago’s government has trumpeted its agreement to import gas from Venezuela as a major boost for the country’s supply-hit LNG and petrochemicals industries.  

There is little doubt the deal is a big win for the Caribbean country, but there have been rumbles of discontent over the opacity of the agreement. Several aspects of the deal have not been disclosed, including the price for the imports. 

Price is a politically sensitive topic because Venezuela is suffering a crippling economic crisis while supply-squeezed Trinidad...