The Energy Chamber of Trinidad and Tobago says it warmly welcomes the signing of the Memorandum of Understanding between the governments of Guyana and Trinidad and Tobago and congratulates both governments on this positive step towards strengthening regional economic and social integration.
The MOU recognizes that the development of the energy sector contributes significantly to the 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 Energy Chamber says that over the past decade and more, it has engaged the government and the private sector in Guyana on numerous visits and in various bilateral and regional meetings.
It says this engagement pre-dates the discovery of oil in Guyana and many of our member companies have operations in Guyana going back many decades.
It adds that since the discovery of oil, this engagement has accelerated, as we have sought to create mutually beneficial relationships between the private-sector of both countries.
"One area in which we have placed a particular emphasis is sharing knowledge and expertise with Guyana on health, safety and environment (HSE) in the energy sector. To this end, the Energy Chamber will be hosting a forum in Guyana in November 2018, to share experiences from our energy sector with stakeholders in Guyana, as they build their own safety culture in their new hydrocarbon sector," the Energy Chamber said.