Grenada to solve mystery of its oil and gas status

Melissa Wong

The Government of Grenada has established a technical working group to investigate and demystify the island’s oil and gas situation.

Governor General Dame Cecile La Grenade announced this today during the reading of the Throne Speech at the Ceremonial State Opening of the Second Session of the Eleventh Parliament.

In the speech, she stated that as of today the government is yet to solve the mystery of Grenada’s offshore gas and oil reserves.

“Very little records can be found anywhere within the government and our technocrats within the ministries and departments have very little information on this matter.  

In essence, upon assuming office my government was not provided with any transition report or any files on Grenada’s legal or contractual obligations or Grenada’s progress in relation to its oil and gas reserves.” 

The situation was described as untenable and completely unacceptable.

It was read that the Government is committed to doing all within its power to unearth the mystery of Grenada’s oil and gas status.

The Government has established a technical working group chaired by a past Minister for Finance, Nazim Burke, and comprised of distinguished Grenadians including Rodney George, Richard Duncan, Raymond Nurse, and the office of the Attorney General represented by the Solicitor General to investigate and do what it takes to demystify Grenada’s oil and gas situation.

The mandate of the technical working group is to fully assess Grenada’s hydrocarbon potential and if found to be commercially viable, devise a strategy and action plan to explore, develop and monetise it for the benefit of the citizens and the patrimony of the nation. (Loop News)