09/09/2026
JOINT SITTING OF PARLIAMENT RECEIVES UPDATE ON GRENADA'S HYDROCARBON TECHNICAL WORKING GROUP
September 8, 2026
St. George's, Grenada—Both Houses of Parliament convened today in a Joint Sitting to receive a comprehensive presentation from the Grenada Hydrocarbons Technical Working Group (TWG) and its team of technical experts on the status of Grenada's hydrocarbon programme, the progress made under its mandate, and the Government's recent decision to terminate the Production Sharing Agreement and revoke the Development Licence held by Global Petroleum Group (GPG).
The Joint Sitting was held in the interest of accountability, public awareness, and transparency regarding matters of significant national importance. Members of Parliament and the Senate were provided with an update on the work undertaken by the TWG since its appointment by the Cabinet of Ministers in October 2023.
The TWG was established to assess Grenada's hydrocarbon potential and, where commercially viable resources are identified, develop a strategic framework for their exploration, development, and monetisation for the benefit of the people of Grenada and future generations.
During today's presentation, Chairman of the TWG V. Nazim Burke and Gilbert Yevi, Lead Consultant and senior Petroleum Engineer, outlined progress made to date in advancing the technical, economic, commercial, operational, and policy objectives associated with Grenada's offshore hydrocarbon resources. Members were also informed of the group's ongoing and planned activities aimed at ensuring the country is positioned to maximize the potential benefits of any future oil and gas development.
The Joint Sitting also provided Members with a detailed account of the circumstances that led to the Government's decision to terminate the Production Sharing Agreement and revoke the Development Licence previously granted to Global Petroleum Group.
The Government noted that GPG was initially granted exploration rights over eleven offshore blocks in 2008. In 2013, the company was subsequently granted a Development Licence and entered into a Production Sharing Agreement with the Government covering four offshore blocks. These agreements established the legal framework governing the development of hydrocarbon resources and the sharing of proceeds derived from any production activities.
The TWG advised Parliament that despite repeated efforts by the Government to secure compliance and cooperation, GPG failed to fulfil its contractual obligations under the Development Licence and Production Sharing Agreement. Following extensive review and consideration, the Government published notices in the Gazette on July 29, 2026, formally terminating the Production Sharing Agreement and revoking the Development Licence.
The presentation outlined the legal, economic, strategic, and operational considerations that informed this recommendation and subsequent Government action, emphasizing the importance of safeguarding Grenada's national interests and preserving the country's sovereign rights over its natural resources.
The Joint Sitting also afforded Members of both Houses the opportunity to engage directly with the TWG and technical experts through a question-and-answer session, allowing for detailed discussion on the progress of Grenada's hydrocarbon programme, the termination of the agreements with GPG, and the way forward for the sector.
The Government reaffirmed its commitment to keeping Parliament and the people of Grenada informed as work continues to advance the country's hydrocarbons agenda in a manner that is transparent, responsible, and aligned with the national interest.
