Trinidad and Tobago and Barbados Sign Energy MOU

first_imgBarbados and Trinidad and Tobago to sign Energy MOUOPM, Trinidad and Tobago – Prime Minister Dr the Hon Keith Rowley departed for Barbados this morning where he will participate in the signing of a Memorandum of Understanding between Barbados and Trinidad and Tobago. The agreement, which will be signed tomorrow (Saturday 24 August, 2019), is related to cooperation…August 23, 2019In “Barbados”CARICOM and UN meeting on crisis in VenezuelaA Delegation from the Caribbean Community (CARICOM) led by Chairman, Prime Minister Dr Timothy Harris of St. Kitts and Nevis is meeting today with United Nations Secretary-General  His Excellency Antonio Guterres to discuss the crisis in Venezuela. Prime Minister Harris is accompanied at the meeting by  Dr. Hon Keith Rowley,…January 28, 2019In “Barbados”Energy, agriculture, security high on agenda of Guyana, T&T high-level meeting(Guyana Chronicle) TRINIDAD and Tobago Prime Minister Dr Keith Rowley will be accompanied by five of his ministers when he arrives in Guyana this week for bilateral talks with President David Granger. The high-level team from the twin-island republic is scheduled to arrive in Guyana on Wednesday for a two-day…September 17, 2018In “Business”Share this on WhatsApp Two Major Leaps Towards a Climate Resilient, Emission-Free… Sep 29, 2020 CARICOM Energy Ministers Meet CDF, IRENA Collaborate to Boost Low-Carbon Investments in… Sep 28, 2020 The MOU establishes a general framework for both parties to undertake cooperative initiatives, in the areas of energy, energy security and energy exploration, development and production in relation to hydrocarbon resources that extend across their maritime boundary.In describing the push for cooperation in the energy sector between the two countries Dr Rowley said, “It is all good for Barbados and it is all good for Trinidad and Tobago.”He noted that once gas is found in the Barbados acreage and that gas finds its way to the market through the plants in Trinidad and Tobago, it would create a larger resource base for Trinidad and Tobago while allowing Barbados access to a market to sell whatever is found in their acreage.Energy company BHP has made gas discoveries in the North Eastern areas of Trinidad and Tobago’s maritime assets, drilling successful wells that are close to the Barbadian border. The company is also working in Barbados’ waters close to the border.(See highlights of the:  Signing Ceremony)The Prime Minister said the agreement lays the groundwork for the two countries to act as one in encouraging investment in their offshore deep waters. In the coming months it is expected that both countries will sign a unitization and a general framework treaty which will enable the exploration, development and production of hydrocarbon resources.During a bilateral meeting before the signing both Prime Ministers earmarked other areas for cooperation including the fishing industry.Dr Rowley noted that this issue remains of particular interest to the people of Tobago who are closest to Barbados. He said there is a need to find a way forward that is beneficial to all stakeholders while attracting investors from both countries who could penetrate both the local and international markets.Both countries are also advancing discussions with respect to sharing diplomatic missions specifically in Africa and Asia. Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… center_img PM Mottley Renews Calls for Restructuring of Global… Oct 1, 2020 You may be interested in… Oct 5, 2020 OPM, Trinidad and Tobago:  Prime Minister of the Republic of Trinidad and Tobago, Dr the Hon. Keith Rowley and Prime Minister of Barbados, the Hon Mia Mottley witnessed the signing of a Memorandum of Understanding (MOU) between the two countries today (Saturday 24 August, 2019) in Bridgetown, Barbados. Barbados Prime Minister Mia Mottley (left) welcomes Trinidad and Tobago’s Prime Minister Dr Keith Rowley to Bridgetown for Saturday’s signing The Hon. Franklin Khan, Minister of Energy and Energy Industries and the Hon. Wilfred Abrahams, Minister of Energy and Water Resources for Barbados signed on behalf of their countries.last_img

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