Prime Minister Kamla Persad-Bissessar will address Caribbean Energy Week (CEW) 2026. The event is set for March 30 to April 1 in Paramaribo, Suriname. CEW is the region’s premier energy investment forum. It unites leaders, investors, and industry executives. The goal is to showcase the Caribbean’s energy potential. This business news highlights a significant surge in energy investments.
Trinidad and Tobago plays a pivotal role in this landscape. Prime Minister Persad-Bissessar’s keynote address underscores this importance. CEW 2026 aims to drive tangible outcomes. It seeks to turn dialogue into deals. The forum covers hydrocarbons and renewables. It also includes mining and carbon markets.
A major ultra-deepwater exploration block was awarded in 2025. ExxonMobil secured this major deal. This marked their return after two decades. The block is named TTUD-1. It is located off Trinidad’s east coast. This area comprises seven ultra-deep blocks. Water depths range from 2,000 to 3,000 meters.
The potential investment from this deal exceeds $20 billion. Some estimates reach $21.7 billion. This signifies a massive boost for Trinidad and Tobago’s economy. It also bolsters regional energy security. ExxonMobil’s initial investment includes seismic surveys. They will also drill up to two exploration wells.
Trinidad and Tobago continues to show operational momentum. bpTT’s Cypre gas project has delivered its first gas. The Mento field, a joint venture, also began producing gas. bp’s Ginger gas development is on track for 2027. These projects are vital for sustaining supply.
Historically, Trinidad and Tobago was a major oil and gas producer. Production has declined in recent years. However, the country possesses over 100 years of energy industry experience. There is a strong push for renewable energy. A target exists for 30% electricity from renewables by 2030. This includes solar PV and wind energy.
The ExxonMobil deal revitalizes the nation’s oil and gas industry. It reflects confidence in Trinidad’s potential. The country aims to increase offshore production. This supports its LNG and petrochemical sectors. CEW 2026 will feature deal-making sessions. It will include country roundtables and sector deep dives.
This energy investment surge is crucial news for the business community. It highlights opportunities across the Caribbean. The event will explore hydrocarbons, LNG, and renewables. Grid modernization and carbon markets are also on the agenda. The forum aims to connect capital with opportunity.
Prime Minister Persad-Bissessar’s participation is significant. It signals Trinidad and Tobago’s commitment to regional energy development. CEW 2026 promises to accelerate investment. It will foster strategic partnerships across the Caribbean. The event is a key platform for the region’s energy future.