Venezuela could begin exporting commercial volumes of natural gas by way of neighboring Trinidad and Tobago within a relatively short timeframe if U.S. sanctions on Venezuela are relaxed, according to IPD Latin America’s David Voght, managing director.

Atlantic

“Our assessment is that within three years, Venezuela could be producing enough to supply Trinidad’s Atlantic LNG Train 1, at about 3.3 tons per annum,” Voght said during a webinar hosted by Florida International University’s Jack D. Gordon Institute for Public Policy. This translates to about 434 MMcf/d.

Train 1 at the liquefied natural gas export facility has been sitting idle since 2020 amid declining production in Trinidad, a major supplier of LNG to the global market. 

As a result, the Trinidadian government has...