The global leaders of Brazil, Guyana and Suriname have deferred the plan of building up a regional energy corridor as Brazilian president Jair Bolsonaro left the conference early.
President Bolsonaro, whose nation’s rich pre-salt natural gas reserves will support the proposal of creating a corridor, left the discussion to return back to Brazil early because of his mother’s death.
The negotiations on the Arco Norte project were already initiated in Suriname yesterday and were about to complete in Guyana, but the “meeting has to stop because president Bolsonaro has had to return home,” as per a Guyanese government official. No date has been set for the resumptions of talks yet.
President of Guyana, Dr Irfaan Ali, and Chandrikapersad Santokhi of Suriname were among the chairpersons who presided in the discussions.
Acro Norte would fit a gas pipeline network connected to industrial and petrochemical assignments, like a gas-fired aluminium smelter to process Guyana’s bauxite ore.
Moreover, the gas will come from the offshore of Guyana and Suriname that are emerging onto the hydrocarbons map, as well as from Brazil.
Swap electricity was also on the agenda, and a highway network linked to a planned deepwater dock in Guyana, giving parts of northern Brazil access to the Atlantic.
Meanwhile, it is expected that Bolsonaro is interested in securing a top position for Brazil’s state-governed Petrobras in the offshore Suriname play, which is geologically linked to Brazil’s offshore northern frontier.
During the 20th January meeting held between Suriname counterpart Santokhi and Brazilian Bolsonaro, President Bolsonaro said Petrobras could bring its deepwater experts to the region.