Venezuela – The gas crisis between Venezuela and Trinidad and Tobago is becoming increasingly complex. This comes after the United States intervened, attempting to mediate between the two countries amid escalating tensions over a joint gas field project in the Caribbean.
The dispute stems from the Dragon gas field, located in the border waters between Venezuela and Trinidad and Tobago. Trinidad and Tobago seeks to import gas to meet its domestic needs and fuel its industries, while Caracas insists on imposing complex financial and political conditions, given the US sanctions imposed on it.
Diplomatic sources confirmed that Washington is trying to strike a delicate balance between supporting its ally Trinidad and Tobago and easing restrictions on Venezuela. It is attempting to do so without being accused of violating the sanctions regime, especially given the growing global need for new energy sources following the war in Ukraine.
Observers believe the conflict extends beyond the issue of gas, revealing a regional power struggle between Washington and Caracas in an area the US considers its “backyard.” This comes amid questions about the future of energy cooperation in the Caribbean if the ongoing negotiations fail.
