Foreign Secretary Robert Persaud met recently with Principal Deputy Assistant Secretary of the Bureau of Energy Resources of the United States Department of State, Laura Lochman, as Guyana and the US forge ahead with their energy cooperation plans.

The United States, has been providing assistance and supporting partnerships with Guyana in the oil and gas, and energy sectors.

Under the Energy Governance and Capacity Initiative (EGCI), the United Stated Government provides a range of technical and capacity building assistance, as Guyana seeks to develop financial and regulatory regimes and address capacity issues that would maximize the development potential from offshore oil and gas resources.

A release from the Guyana Government explained that the meeting between the US and Guyana officials was related to energy transition and the need to build sustainable energy systems. 

“They reaffirmed the commitment of their respective governments to advance energy cooperation at the bilateral level and to boost efforts aimed at achieving energy security in the region. In this regard, Foreign Secretary Persaud acknowledged the key role of the United States in the implementation of the U.S.-Caribbean Partnership to Address the Climate Crisis 2030 (PACC 2030), which aims to facilitate clean energy development and investment,” the release stated.

Guyana has been pushing for the diversification of its energy matrix by promoting the use of climate-resilient, renewable energy sources in the generation of electricity, helping to avoid deforestation and confront climate change.

The Inter-American Development Bank has been supporting the Government of Guyana to develop the energy sector through financing of several renewable energy activities.

President Irfaan Ali has stated that Guyana is positioning itself to become a regional energy and transition leader, and will leverage its oil and gas resources to finance sustainable development while diversifying its energy mix. 

The Government has been banking on projects, such as the gas to energy project to realize its promise of reliable, lower-cost electricity supply, which will slash electricity cost by half and push the country’s energy agenda forward. 

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