[UPDATED] Young cautions on Grenada, Guyana energy deals

FORMER prime minister Stuart Young warned about Prime Minister Kamla Persad-Bissessar’s plans to seek new gas-supply sources from Grenada, Guyana and Suriname, addressing a briefing at Balisier House, Port of Spain on May 5.

At the swearing-in of the new government on May 3 at President’s House, Persad-Bissessar had proposed the three countries as alternatives to the Dragon gas field for which the US Government recently withdrew its OFAC licence to TT to exploit, as part of a wider US embargo against the Venezuelan government over human rights concerns.

However, Young told reporters any gas supply from Grenada to TT, if feasible, could take 10-15 years.