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Attorney General John Jeremie says the Dragon gas deal has “come alive” again, announcing yesterday that the United States Treasury Department has granted Trinidad and Tobago an Office of Foreign Assets Control (OFAC) licence to negotiate with Venezuela for the development of the Dragon project.

Jeremie noted the licence is the first in a three-tier approval process and includes conditions designed to ensure that US companies secure a commercial stake in the deal.

This initial tier of the licence is set to expire in April next year.