(WO) — Guyana is strengthening energy partnerships across the Caribbean as the country’s rapidly expanding offshore oil sector drives closer regional cooperation on upstream development, infrastructure and energy security.
A series of recent agreements with Jamaica, the Dominican Republic and other regional partners reflects Guyana’s strategy of extending collaboration beyond offshore exploration and production to include cross-border investment, refining, infrastructure and commercial development.
In June, Guyana and Jamaica signed four bilateral agreements, including the creation of a joint energy working group to advance cooperation through knowledge sharing, infrastructure development and initiatives aimed at strengthening regional energy security.
The agreement builds on a broader regional strategy. In May, Guyana and the Dominican Republic formalized an upstream partnership through an agreement covering the Berbice Block. Under the deal, Dominican state-owned refiner Refinería Dominicana de Petróleo acquired a 10% participating interest in the block, while both governments committed to expanding cooperation in refining, petrochemicals and regional energy security.
Regional collaboration is also gaining momentum among the Caribbean’s hydrocarbon producers. Earlier this year, Trinidad and Tobago proposed closer coordination with Guyana and Suriname on upstream development, natural gas commercialization and energy infrastructure, highlighting opportunities to combine Guyana’s rapidly growing oil production with Trinidad’s established LNG, refining and petrochemical industries.
Guyana is expected to increase crude oil production to 1.3 MMbpd by 2027 and 1.7 MMbpd by 2030, positioning the country as one of the world’s fastest-growing oil producers and an increasingly important driver of regional energy development.
Beyond the Caribbean, Guyana has also strengthened international partnerships supporting its energy expansion, including agreements with the United States on energy security and infrastructure cooperation and expanded commercial ties with Canada.
The growing emphasis on regional integration is expected to be a key topic at Caribbean Energy Week 2027, where government officials, operators and investors will examine opportunities to accelerate cross-border investment and strengthen the Caribbean’s role in the global energy market.
Source: Energy Capital & Power
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