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It is not at all clear that this confidence in Caracas is warranted. The expectation that cooperation with Venezuela will yield rapid results is probably ill-founded.
BP expects a final investment decision on its Calypso project off the coast of Trinidad and Tobago by 2025.
It has become “increasingly clear” that fossil fuels will continue to play a major role in meeting global energy requirements, says Energy Minister Stuart Young.
Trinidad and Tobago has initiated discussions with several European nations regarding the supply of LNG, reported Reuters.
Calypso field is expected to produce 700 mmcf/day of natural gas.