Gas-Bearing Rocks Found Under Maritime Border of Venezuela and Trinidad and Tobago
What happened
Gas-bearing rocks were found under the maritime border separating Venezuela and Trinidad and Tobago. Reports indicate that the same gas-bearing rocks run under this border, and several gas fields that Trinidad and Tobago relies on lie partly or wholly in Venezuelan waters.
From riotimesonline.com
Why it matters
Trinidad and Tobago is described as a gas economy that sells liquefied natural gas, ammonia, and methanol to the world. The discovery links the gas economy of the region to global market prices and potential resource ownership between the two nations.
Cross-border collaboration prospects are growing between Venezuela and Trinidad and Tobago.
From riotimesonline.com
Who's involved
- VenezuelaGeopolitical state whose waters contain gas-bearing rocks under the maritime border.
- Trinidad and TobagoIsland sovereign state that is a gas economy and relies on gas fields partly located in Venezuelan waters.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- VenezuelaSpeculative
Venezuela might face changes in resource ownership and geopolitical dependency related to the shared gas-bearing rocks.
- Trinidad and TobagoSpeculative
Trinidad and Tobago could face changes in resource ownership and geopolitical dependency related to the shared gas-bearing rocks.
Keep exploring
Part of
Cross-border collaboration prospects are growing between Venezuela and Trinidad and Tobago.Also in this story
- Trinidad and Tobago ships relief supplies to Venezuela.
- Twin earthquakes caused coastal uplift in Trinidad.
- Aid convoys are underway targeting Tucupita for affected regions of Venezuela, organized by migrants from Trinidad and Tobago.
- Trinidad and Tobago is poised to assist Venezuela as the CDEMA Council of Ministers meets regarding regional preparedness, with Roger Alexander involved.
The entities involved
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Venezuela
Country in Latin America
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Trinidad and Tobago
island sovereign state in the Caribbean
Related events
- Expanding crude output via private deals in Venezuela.
- U.S. companies, including ConocoPhillips, are reportedly circling Venezuela's oil fields.
- Oil market trends in Latin America are shaped by sanctions, regional growth in Guyana, and the performance of major national oil companies.
- Potential oil market return from Venezuela is increasing pressure on U.S. and Canadian markets.
- Agreements have been reached between Barbados and Venezuela establishing cooperation on energy, food, tourism, and agricultural sectors.