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Suriname & Guyana Eye Joint Gas Power
18 Feb
Summary
- Suriname and Guyana plan a joint technical team for gas projects.
- Combining gas resources could attract more investor interest.
- Initial focus is country-to-country discussions before involving oil firms.
Suriname and Guyana are set to form a joint technical team in the upcoming month to explore natural gas development opportunities between the two South American nations. This initiative represents a significant step toward potential cross-border collaboration on gas production, a first for both countries.
The proposed team will assess critical factors such as available gas volumes, necessary infrastructure, and potential gas utilization strategies. Suriname's Oil Minister, Patrick Brunings, highlighted that combining the nations' gas reserves could enhance their appeal to investors, particularly for resource quantities that might be insufficient on their own.
Initially, the joint team will comprise representatives solely from the two countries, focusing on identifying opportunities. Discussions with key oil partners like TotalEnergies, Chevron, APA, and Exxon Mobil are anticipated later. Brunings acknowledged that companies might prioritize more profitable oil projects, emphasizing the need for natural gas projects to demonstrate financial viability. The team's objective is to work towards a memorandum of understanding for exploring joint gas projects.
