Trinidad & Tobago's Venezuela Gas Deal: A Sanctions Thaw
Update: 2025-10-09
Description
Trinidad and Tobago just got a major green light from the U.S. to negotiate a gas deal with Venezuela, sidestepping sanctions and potentially boosting its energy sector. After months of requests, a special U.S. license opens the door to developing a Venezuelan gas field, but Trinidad and Tobago has only six months to strike a deal that meets U.S. commercial targets. This move marks a rare thaw in U.S.-Venezuela relations and could set a precedent for future energy deals in the region.
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