LNG

Trinidad and Tobago, which used to be the main LNG supplier to the US before the shale-gas boom in the late 2000s, said it would begin formal talks in March with Venezuela for joint development of the offshore Dragón gas field that will help boost the Caribbean island nation’s LNG export capability.

Trinidad and Tobago said the Caribbean nation would be opening formal talks with Venezuela following a US go-ahead to jointly develop a natural gas field that could help boost and safeguard LNG production from Trinidad’s Point Fortin LNG export plant.