Guyana-Suriname gas discussions move forward amid investor interest

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Suriname’s Minister of Oil, Gas and Environment, Patrick Brunnings, has confirmed that discussions with Guyana on a shared natural gas project are advancing, a development that could transform the neighbouring countries into a major regional energy hub.

Brunnings made the announcement on the sidelines of the recently concluded Guyana Energy Conference and Supply Chain Expo, confirming the establishment of a joint technical team to explore potential opportunities and a Memorandum of Understanding (MoU) to guide the work of both countries’ experts.

“It is very necessary that we establish the technical team,” Brunnings said. He explained that the team would begin by analysing subsurface data to provide detailed technical information on access to the gas resource.

“So we are ready to set up the team very soon, within a month, so that this joint technical team can evaluate all these opportunities: where gas can be found, how it can be combined across the border, the volumes, pressures, and how the gas can be monetised,” he added.

Brunnings said Suriname is committed to the cross-border venture, which could see a second gas-to-energy project developed in the county of Berbice. He also emphasised the importance of signing the MoU, noting that the project could bring significant benefits to both nations.

“We are very committed to having this team established; we will formalise that in an MoU, which will adhere to the same timeframe as the technical team’s formation,” Brunnings stated.

He noted that Suriname’s teams are currently drafting the MoU, with the aim of having it signed within a month.

The partnership with Guyana is a direct response to President Irfaan Ali’s call for a joint gas venture. President Ali has said investors are awaiting key decisions on the proposed collaboration. The initiative is viewed as a strategic measure to diversify both economies and provide access to cheaper energy.

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