The Governments of the Republic of Trinidad and Tobago and the Cooperative Republic of Guyana on 1 March 2013 signed a Memorandum of Understanding between both countries that seeks to promote greater cooperation in energy and energy related matters over the next two years.

Under the MoU, both parties will meet annually (or sooner, as mutually agreed) to review the status of the cooperation executed under the MOU, which includes support for the following areas:
•    Support for off-shore exploration activities, and sourcing of equipment for the development of energy and energy-related projects;
•    Coordinating and implementing projects and activities related to renewable energy which may include hydro-electric power, solar, wind, tidal, wave, geo-thermal and biomass energy and biofuels; and
•    Strengthening of public sector institutions involved in energy and energy-related projects, and organising joint conferences, seminars, workshops, meetings, training sessions and other educations programmes.

The MoU will allow for the sharing of institutional knowledge and the strengthening of capacity in both the oil and gas, and renewable energy sectors between the two countries.