Suriname’s Energy Sector: A New Horizon for Regional Trade and Investment

Suriname’s Energy Sector: A New Horizon for Regional Trade and Investment

Suriname stands at the threshold of a historic transformation. With the $10.5 billion GranMorgu project in Block 58 advancing toward first oil in 2028, and exploration intensifying across multiple offshore blocks, the country is rapidly emerging as one of the hemisphere’s premier deep-water frontiers. Staatsolie’s 20% stake in GranMorgu underscores the national commitment to ensure lasting benefits from these resources.

Yet oil alone does not define Suriname’s future. Gas discoveries in Block 52, renewable energy projects in solar and wind, and the country’s 2025-2044 Electricity Sector Plan reflect a deliberate diversification strategy. Major international players: TotalEnergies, Petronas, Chevron, Shell, and Saipem, are anchoring investments, while training programs and logistics bases signal growing opportunities for local content and regional partnerships.

For the Suriname-Guyana Chamber of Commerce (SGCC), these developments are not isolated national milestones but stepping stones toward deeper cross-border integration. With Guyana simultaneously scaling up production beyond 1.7 million barrels per day by 2030, the Guiana Shield is fast becoming an energy hub linking the Caribbean and South America to global markets.

SGCC believes this moment calls for foresight: to shape supply chains, infrastructure, and knowledge transfer that convert energy wealth into sustainable, diversified growth for Suriname, Guyana, and the wider region.

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