Former prime minister and energy minister Stuart Young has warned government against leaving the pursuit of cross border natural gas from Venezuela solely in the hands of energy multinational energy companies saying TT stands to lose from such an approach.

He made his observation on January 9, one day after Energy Minister Dr Roodal Moonilal indicated at a post-cabinet news conference at the Diplomatic Centre, St Ann’s that all was well with respect to government’s pursuit of a six-month Office of Foreign Assets Control (OFAC) licence for Venezuela’s Dragon gas project.

In a Facebook post, Young said, “I caution Trinidad and Tobago that this government is leaving the pursuit of cross border gas from Venezuela, including Dragon, solely up to the multinational oil and gas companies.”