Regional Energy Strategy In The Making

• President Ali announced that several Caribbean Community (CARICOM) member states have come together to advance work on a regional energy strategy that will guide Caribbean nations in areas for investment. 
• Discussions on the strategy have already begun with the President of Suriname, Chandrikapersad “Chan” Santokhi, and Prime Minister of Trinidad and Tobago, Dr. Keith Rowley and his Energy and Energy Industries Minister, Stuart Young. “We are proposing to move rapidly on a regional energy strategy to look at all the potential areas for investment, to bring investors together, bring the markets together, and see how quickly, and transparently as possible we can unlock opportunities,” Dr. Ali explained. 
• The strategy will also include Brazil, which is not a part of CARICOM, but, nonetheless, is currently in negotiations with Guyana and Suriname for the development of an energy corridor. 
• The aim will be to find a solution that removed bureaucratic delays, advances dynamism, and unlocks its natural gas potential, which can contribute to rebalancing the supply side for the region.

 

(Source: Guyana Chronicles)