(Energy Analytics Institute, Ian Silverman, 20.Sep.2018) — The Energy Chamber of Trinidad and Tobago announced its agreement with an Memorandum of Understanding (MOU) signed between the governments of Guyana and Trinidad and Tobago.
The MOU recognizes development of the energy sector contributes significantly to strengthening of economic and social development while improving the quality of life of the citizens of both countries. It also commits both governments to continue the development of cooperation mechanisms to foster the creation of an environment conducive to energy integration, on the basis of the principles of reciprocity, solidarity and respect for sovereignty, the chamber announced in an official statement.
Over the past decade and more, the Energy Chamber has engaged the government and the private sector in Guyana on numerous visits and in various bilateral and regional meetings. This engagement pre-dates the discovery of oil in Guyana and many of the chamber’s member companies have operations in Guyana going back many decades. Since the discovery of oil, this engagement has accelerated, as the chamber has sought to create mutually beneficial relationships between the private-sector of both countries, according to the statement.
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