Guyana · ENERGY
Key Facts
- —Dates Caribbean Energy Week 2027 runs from Tuesday 13 to Thursday 15 July in Georgetown, Guyana.
- —Organizer Energy Capital & Power, a private energy events and publishing company, produces the conference.
- —Theme ‘Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub’.
- —Previous edition The inaugural Caribbean Energy Week took place in Paramaribo, Suriname, from March 30 to April 1, 2026.
- —Oil output Guyana’s Stabroek Block production surpassed 900,000 barrels per day, according to Reuters.
The second annual Caribbean Energy Week will gather regional leaders in Georgetown as Guyana’s oil output surges past 900,000 barrels per day.
Guyana will host the second annual Caribbean Energy Week in July 2027, bringing together regional energy leaders in Georgetown. The conference, produced by Energy Capital & Power, will run from Tuesday 13 to Thursday 15 July 2027.
Event Details and Dates
In short, the second annual Caribbean Energy Week (CEW) will take place in Georgetown, Guyana, from July 13-15, 2027. In fact, Energy Capital & Power (ECP), a private energy events and publishing company, produces the conference.
The event carries the patronage of President Irfaan Ali. In addition, Natural Resources Minister Vickram Bharrat has endorsed it.
No venue has been announced. The inaugural Caribbean Energy Week took place in Paramaribo, Suriname, from March 30 to April 1, 2026.
However, the 2027 edition moves to Georgetown, Guyana, for a three-day run.
Caribbean Energy Week: Theme and Focus
In addition, the theme for Caribbean Energy Week 2027 is ‘Unlocking the Caribbean Energy Corridor: Oil. Gas, LNG & Investment for a New Global Hub’.
LNG stands for liquefied natural gas, gas chilled to liquid form for shipping. The stated purpose is to strengthen regional energy integration, accelerate infrastructure development, and mobilize investment across the energy value chain.
This focus reflects the region’s growing interest in energy projects. The conference aims to unlock the Caribbean Energy Corridor, focusing on oil, gas, and LNG.
In addition, it seeks to mobilize investment across the energy value chain, aligning with regional goals.
Why Guyana Hosts
According to Reuters, Guyana’s oil production from the Stabroek Block has surpassed 900,000 barrels per day. The four producing vessels—Liza Destiny, Liza Unity, Prosperity, and One Guyana—are currently operating offshore.
President Irfaan Ali has said a fifth FPSO will push output past 1 million barrels per day. The Stabroek Block is operated by ExxonMobil with a 45% stake.
Moreover, Hess (now Chevron) holds 30% and CNOOC 25%. Guyana’s oil production from the Stabroek Block has surpassed 900,000 barrels per day.
As a result, the country’s energy sector is a major draw for regional investment.
Guyana’s Oil Revenue
Guyana’s state share of Stabroek production is rising, now entitled to nearly 40% (39.8%) as ExxonMobil recovers its costs. The Natural Resource Fund (NRF), the sovereign wealth fund, has received approximately US$9.73 billion since 2020.
At the end of April 2026, the NRF balance stood at US$4.1 billion, according to iNews Guyana. The 2026 national budget is GY$1.558 trillion, financed in part by a US$2.37 billion transfer from the NRF.
Guyana’s state share of Stabroek production is rising to nearly 40%, boosting its sovereign wealth fund. Meanwhile, the NRF balance reached US$4.1 billion by April 2026.
Economic Growth Context
Overall, Guyana’s economy is booming, with real GDP growth of 43.8% in 2024 and an estimated 15.4% in 2025. This is according to the World Bank.
The forecast for 2026 is 16.3% growth. This rapid expansion is driven largely by oil revenues.
However, the country faces challenges in infrastructure and energy supply. Caribbean Energy Week aims to address these by attracting investment.
Guyana’s real GDP growth is forecast at 16.3% in 2026, according to the World Bank. However, this rapid expansion is not without challenges, including infrastructure gaps.
Electricity Challenges
Meanwhile, Guyana Power and Light Inc (GPL) currently has 256 MW of reliable generation capacity. Meanwhile, this rises to 280 MW by the end of August.
Peak demand ranges between 235 MW and 240 MW, leaving a thin reserve of about 26.3 MW. The utility is under pressure, as reported by Kaieteur News, highlighting the need for new power sources.
The Gas-to-Energy project at Wales is expected to add 300 MW, but it has faced repeated delays. GPL’s reserve margin is thin, with only 26.3 MW above peak demand.
Consequently, the utility faces pressure to ensure reliable power supply.
Gas-to-Energy Project
The Gas-to-Energy project, contracted to Lindsayca Guyana Inc, will use four SGT-800 gas turbines. It will deliver about 300 MW.
The project was initially expected to start by the end of 2024, but has been delayed multiple times. According to a May 2026 statement, the first turbine is expected online by the end of 2026.
Full combined-cycle operation follows by June 2027. That timing means full operation could be achieved just weeks before Caribbean Energy Week opens.
The Gas-to-Energy project has slipped multiple times, with full operation now targeted for June 2027. Still, this timing could align with Caribbean Energy Week’s opening.
Regional Energy Targets
CARICOM, the Caribbean Community, has set renewable energy targets of 20%, 28%, and 47% for 2017, 2022, and 2027 respectively. The 47% target year is 2027, the same year Guyana hosts Caribbean Energy Week.
The Caribbean Development Bank extrapolates this path to 55% by 2030. However, the region still relies heavily on fossil fuels.
In fact, IRENA reports fossil fuels represent 97% of primary energy consumption in Caribbean small island developing states. CARICOM’s 47% renewable energy target for 2027 remains ambitious.
Meanwhile, fossil fuels still dominate the region’s energy mix, as IRENA reports.
Looking Ahead to July 2027
Caribbean Energy Week 2027 promises to be a key gathering for energy stakeholders in the region. With Guyana’s oil boom and the push for renewable energy, the conference will address critical issues.
The event will bring together policymakers, investors, and industry experts to discuss the future of the Caribbean energy sector. As the dates approach, more details are expected to emerge.
Caribbean Energy Week 2027 will occur as Guyana’s oil output nears one million barrels per day. However, the event’s success will depend on addressing regional energy integration challenges.
Frequently Asked Questions
What is Caribbean Energy Week?
Caribbean Energy Week is a regional oil, gas. And power investment conference produced by Energy Capital & Power, a private energy events company.
When and where will Caribbean Energy Week 2027 take place?
The event will run from Tuesday 13 to Thursday 15 July 2027 in Georgetown, Guyana. The specific venue has not been announced yet.
Who is behind Caribbean Energy Week?
Energy Capital & Power produces the event. It is held under the patronage of President Dr. Mohamed Irfaan Ali and with the endorsement of Minister of Natural Resources Vickram Bharrat.
Why is Guyana hosting Caribbean Energy Week?
Guyana’s oil production has surpassed 900,000 barrels per day, making it a major energy player. The conference aims to strengthen regional energy integration and attract investment.
Connected Coverage
Sources: Energy Capital & Power; Caribbean Energy Week; Reuters; OilNOW; Guyana Times; Kaieteur News; Demerara Waves; iNews Guyana; Guyana Power and Light; Guyana Department of Public Information; Guyana Ministry of Finance; World Bank; IRENA; CARICOM; Caribbean Development Bank.
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