The preliminary deal will involve researching the viability of laying a subsea pipeline. Credit: Vismar UK via Shutterstock.

South American nation Suriname has signed an agreement with Trinidad and Tobago to boost energy cooperation, reported Reuters.

According to sources, the memorandum of understanding (MoU) could pave the way for the transportation of natural gas from Suriname to Trinidad and Tobago via pipeline.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Trinidad and Tobago has been looking for ways to increase its natural gas supplies.

Government figures show that the Caribbean nation can process around 4.2 billion cubic feet (bcfd) of gas per day into liquefied natural gas (LNG) and petrochemicals, but its present output is less than 2.7bcfd.

The countries signed the MoU when Suriname President Chandrikapersad Santokhi met with Trinidad Prime Minister Keith Rowley in Port of Spain, according to the Suriname authorities.

See Also:

The prime minister’s office of Trinidad and Tobago said that the two nations will now seek to establish technical teams to conduct feasibility studies to decide the next step.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In addition, the government of Suriname announced that it would shortly hold a meeting with Guyana and Trinidad to discuss future strategic collaboration between the three nations.

The preliminary deal will involve researching the viability of laying a pipeline hundreds of miles beneath the ocean to connect Trinidad to the gas fields of the South American country, the sources said.

Recently, sizeable oil and gas have been discovered by Suriname and Guyana.

Trinidad and Tobago has been attempting to gain access to fresh gas supplies in the hope of restarting an inactive LNG processing unit and operate its petrochemical factories at full capacity.

The Caribbean country has also urged the US to amend the terms of the license for the Dragon gas project, which is said to contain up to 4.2 trillion cubic feet of gas.