Dr. The Honourable Roodal Moonilal, Minister of Energy and Energy Industries and the Honourable Ernesto Kesar, Minister in the Ministry of Energy and Energy Industries along with senior members of the Ministry, met with Eduard Vasilyev, Executive Director, Global Petroleum Group and Leonid Mironov, Finance and Corporate Affairs Officer, Global Petroleum Group (GPG).
At the introductory meeting, GPG’s executives thanked the Ministry of Energy and Energy Industries for taking this opportunity to engage with the company. GPG is an oil and gas company engaged in exploration and appraisal activities off Grenada's southern coast, close to the Patao/Dragon fields in Venezuela and the North Coast Marine Area (NCMA) fields in Trinidad. In 2018, GPG successfully established a commercial agreement with the National Gas Company of Trinidad and Tobago (NGC).
This partnership emerged from the Energy Sector Development Framework Agreement signed in 2012 between the Governments of Trinidad and Tobago and Grenada. The agreement was seen as a major step in CARICOM’s energy collaboration, fostering economic growth in the region.
Building on this framework agreement, Honourable Minister Moonilal reaffirmed the Government’s commitment to collaboration with Grenada and to actively pursuing discussions aimed at strategically strengthening these bilateral relations. Discussions surrounded GPG’s continuation of drilling activity in Grenadian waters and the renewal of the NGC-GPG partnership. The Honourable Minister also provided assurance to engage in follow up discussions to include all local parties and GPG with a view to exploring all options to advance the partnership.