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Trinidad & Tobago signs energy agreement with Chile

Reuters/Andrea De Silva

Chile's President Michelle Bachelet (L) and Trinidad and Tobago's
Prime Minister Patrick Manning (R), Port of Spain, February 23, 2010.

PORT SPAIN
Petroleumworldtt.com 02 25 2010

Chilean President Michelle Bachelet ended a whirlwind official visit here on Wednesday that was designed to promote and accelerate cooperation in the energy sector.

Bachelet arrived here late on Tuesday night from Mexico where she had been attending a summit of Latin American and Caribbean leaders and signed a Memorandum of Understanding (MOU) “concerning cooperation in the development of energy sector interests”.

The Patrick Manning government said it regarded the eight hour visit as a “positive signal of the reciprocal desire of both governments to boost the bilateral agenda and bolster the warm and cordial relations that exist between the two States”.

Bachelet told reporters the agreement would help in her country’s energy security needs since it would allow for a safe and reliable partner as has been the case with Trinidad and Tobago.

“We have been buying gas from Trinidad and Tobago in huge amounts and we are very happy about that and …the Memorandum of Understanding will give the best conditions so that we can continue with this important energy trade and supply.”

She said she was also pleased that the two countries have started negotiations towards other areas of cooperation including the establishment of a preferential trade agreement, economic matters and products from both countries entering the respective countries.

Prime Minister Manning said the agreement with Chile “is essentially (one) of cooperation in the energy sector.

“That cooperation starts with LNG (Liquefied Natural Gas) …it is just a framework agreement within which our energy agenda will be pursued,” Manning said, adding that the agreement would be made available to the public.

Story from Petroleumworld Trinidad

Petroleumworldtt.com
February 24, 2010

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