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Guyana: MOU on energy cooperation between Guyana and Trinidad and Tobago

TAPPING into Trinidad and Tobago’s wealth of experience while that country capitalises on Guyana’s natural resources would create a win-win situation for both countries, President David Granger said, moments after signing a Memorandum of Understanding (MoU) with Trinidad and Tobago’s Prime Minister, Dr Keith Rowley, on Wednesday at State House.

The signing of the MoU, which creates greater avenues for cooperation in energy between the two CARICOM Member States, was witnessed by Vice President and Minister of Foreign Affairs, Carl Greenidge; and Trinidad and Tobago’s Foreign Affairs Minister Dennis Moses along with other Cabinet members from both sides.

The MoU sets the platform on which Guyana and Trinidad and Tobago can develop and promote joint projects throughout the hydrocarbon value chain, in accordance with identified provisions and without prejudice to their respective national legal systems.

While highlighting the rich history between Guyana and Trinidad & Tobago, President Granger said though the MoU is largely focused on cooperation in energy, the bilateral talks which preceded the signing on Wednesday covered a wide range of areas including agriculture, security and youth and sport.

The President, declaring that there is much to learn from the twin-island republic, said through collaboration, the social, physical and economic landscape of Guyana can be further transformed. “Trinidad and Tobago is one of the most developed countries in the Caribbean in terms of its economy, in terms of manufacturing, in terms of the exports, in terms of the standard of living, in terms of education, and Guyana of course is the largest CARICOM state.

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