South America and the Caribbean: The Forming of Strategic Energy Alliances That Can Impact This Decade and the Next

Journal of Petroleum Technology 

Nations coming together with common interests and approaches to energy is a hallmark of the modern times: the EU aims to retire its fossil fuel dependency (in principle), and OPEC remains organized with its common focus on oil. However, nations in South America and the Caribbean are also joining the trend via strategic energy alliances as disclosed by the presidents of Guyana and Suriname, Irfaan Ali and Chan Santokhi, respectively. Ali said, "Suriname and Guyana stand on the cusp of major development … [and become] a new force in the world." This took place at the Suriname Energy, Oil & Gas Summit (SEOGS) event held 28–30 June in Suriname, Paramaribo, which I attended. Such alliances would not only change the calculus of energy in the Western hemisphere, but it stands to have reverberations as the global energy map is being restructured, due to the Russian-Ukrainian conflict.

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