Energy Minister Roodal Moonilal has signalled a reset in this country’s approach to regional energy diplomacy, admitting that previous administrations failed to synchronise T&T’s hydrocarbons strategy with developments in Guyana and Suriname.
Speaking on the second day of the Guyana Energy Conference and Supply Chain Expo in Georgetown, Moonilal positioned Port-of-Spain as an industrial partner ready to support emerging producers, while conceding that opportunities for closer alignment had not been fully pursued in recent years.
Addressing delegates, Moonilal said the current administration, led by Prime Minister Kamla Persad-Bissessar, has given a clear policy directive since taking office in April 2025 to deepen engagement with its Caricom neighbours on energy integration and long-term planning.
He acknowledged that collaboration between T&T and Guyana had not advanced as it should have, adding that the Government now intends to build a more structured framework for cooperation. Among the proposals outlined was the creation of a formal platform bringing together regional energy ministers and their technical teams on a recurring basis to coordinate policy, investment planning, and infrastructure development.
Moonilal argued that without systematic dialogue, there is a risk of duplication in capital-intensive projects across the region. A standing forum, he suggested, would allow governments to align fiscal incentives, regulatory regimes and downstream strategies, particularly as Guyana and Suriname expand their upstream output.
In pitching T&T as a strategic partner, Moonilal pointed to the country’s mature energy ecosystem. He cited decades of operational experience, established pipeline networks, liquefied natural gas facilities and petrochemical plants as assets that could accelerate gas monetisation for newer producers.
Rather than constructing entirely new processing capacity, he indicated that Guyana and Suriname could leverage existing downstream infrastructure in T&T to move gas into higher-value products more quickly and at lower capital cost.
The minister also referenced ongoing efforts to revive the Pointe-à-Pierre refinery, shuttered in 2018, noting that a restart would require reliable regional crude supplies. He told participants that T&T is open to discussions with Guyana and other stakeholders on potential feedstock arrangements should the refinery return to operations.
Hydrocarbons remain central to T&T’s economy, despite declining production over the past decade. The country is pursuing new exploration, including the ultradeepwater acreage awarded to ExxonMobil east of Trinidad and north of Guyana’s Stabroek Block, while also examining prospects tied to cross-border resources with Venezuela.
