Venezuela and Trinidad and Tobago have signed a framework agreement to supply natural gas from Venezuela to Trinidad and Tobago via an underwater pipeline from the Dragon field to Hibiscus field.
The agreement provides for the construction, operation, and maintenance of a gas pipeline from the Dragon field in Venezuela to the Hibiscus field in Trinidad and Tobago, a connection with the Hibiscus-Lisas gas pipeline, as well as the supply of natural gas extracted from the Venezuelan field to Trinidad and Tobago’s domestic market and the NGL Plant for commercialization in international markets.
The agreement was signed on behalf of Venezuela by the president of Petróleos de Venezuela (PDVSA), Eulogio Del Pino, on behalf of Trinidad and Tobago, Gerry Brooks of Special Purpose Vehicle (SPV) and Luis Prado of Shell.
The project will see the shipping of gas through a 30 km underwater pipeline which will be built following internationally accepted standards and consistent with the best practices of the oil and gas industry.