‘Let’s Move Together’- Trinidad Eyes Natural Gas From Guyana, Other Caribbean Nations

  • A new partnership among Trinidad and Tobago (T&T), Guyana, and the other gas-producing nations in the southern Caribbean region could help meet the region’s energy needs, the Twin Island’s Energy Minister Stuart Young said on Monday.
  • According to the Minister, proven reserves offshore Guyana and Suriname, coupled with possible finds offshore Barbados and Grenada, can be integrated into Trinidad’s existing gas production. Young also noted that T&T has been involved in natural gas production for years- making it the most experienced player in the Caribbean.
  • Guyana, Suriname, and Brazil are already working towards the development of an energy corridor, while Guyana and Suriname - part of the prolific Guiana basin - are expected to pool natural gas resources.
  • The Guyanese President, Dr. Irfaan Ali, reasoned these efforts are not only meant to harness newfound resources but are also being pursued to counter the high prices and fuel shortages experienced during the COVID-19 pandemic and the Ukraine/Russia crisis.
  • The president stood by his position that the developing Caribbean nations should be allowed to exploit their oil and gas resources even as much of the globe clamours for less fossil fuel usage.

(Source: Newsroom)