Energy Minister signs historic agreement with Venezuela
![Energy Minister the Honourable Kevin Ramnarine shakes hands with his Venezuelan counterpart upon signing the historic agreement to develop the giant Loran Manatee Cross-border Gas Field. (Photo Courtesy: Ministry of Energy and Energy Affairs).](http://unctt.org/wp-content/uploads/2013/09/Energy-Minister-signs-historic-agreement-with-Venezuela.jpg)
Energy Minister the Honourable Kevin Ramnarine shakes hands with his Venezuelan counterpart upon signing the historic agreement to develop the giant Loran Manatee Cross-border Gas Field. (Photo Courtesy: Ministry of Energy and Energy Affairs).
Caracas, Venezuela: Energy Minister Kevin Ramnarine and his Venezuelan counterpart Rafael Ramirez today signed an agreement that establishes the functional and governance structure to oversee the development of the giant Loran-Manatee gas field that straddles the Trinidad and Tobago / Venezuela maritime border. This field has approximately 10 trillion cubic feet of natural gas. The signing was described as historic and as a first for the Americas. It comes 10 years after an MOU was signed by both countries to develop cross border reserves. Work will now commence on a development plan for the optimal production of the reserves.