Trinidad & Tobago stands out as the Caribbean’s most immediate CCS opportunity. The country’s heavy industrial base – ammonia, methanol, LNG and power – accounts for the bulk of its 27 million tons of CO₂ emissions per year. The government is already developing a national storage atlas with support from the Green Climate Fund, mapping offshore reservoirs that could serve as injection sites. For investors, this readiness work significantly reduces geological and permitting risk.

Two primary monetization routes are emerging. The first is industrial CCS, which captures CO₂ directly from the exhaust streams of petrochemical plants, where the gas is relatively pure and capture costs are lower. The second is CO₂ EOR, which injects captured CO₂ into mature fields to extract additional oil. Trinidad’s existing infrastructure, depleted reservoirs and experienced operators make EOR a particularly cost-competitive option.

Colombia’s Caribbean Shelf: Building a Regional Storage Hub

Just across the water, Colombia’s northern Caribbean shelf could become a regional hub for large-scale CO₂ storage. A 2025 study by Colombian and European researchers highlighted significant offshore storage potential in the Guajira and Sinú basins, with transport and storage costs ranging from €3 to €48 per ton depending on logistics. This positions Colombia to aggregate captured emissions from its own industries and from neighboring islands with limited storage options, creating the potential for a new cross-border CO₂ services market. If licensing and regulatory frameworks progress, Colombia could monetize these storage services much like North Sea countries do, establishing a lucrative export industry in carbon management.

The country’s rapid development of offshore oil and gas infrastructure also creates practical synergies. Pipelines, subsea facilities and FPSO tie-backs already being built for production could later handle CO₂ transport, lowering marginal costs for CCS deployment.

In Guyana and Suriname, where new oil production is reshaping national economies, CCS is less about retrofitting old infrastructure and more about integrating capture from the start. With several large FPSOs in operation and a gas-to-energy project advancing, Guyana’s government is under pressure to manage flaring and lifecycle emissions. Installing capture units on associated-gas facilities or integrating CO₂ handling into onshore processing plants could give projects a decisive ESG advantage and position the country to trade in voluntary carbon markets once regulatory frameworks mature.

For investors, early engagement is strategic: participating in carbon-management planning before final investment decisions can secure long-term offtake rights and provide access to emerging offset markets tied to national climate goals.

Caribbean Energy Week (CEW), scheduled for March 30-April 1, 2026 in Paramaribo, provides the platform to translate momentum into investment. By convening oil producers, industrial emitters, storage developers and financiers, CEW can serve as the region’s marketplace for CCS partnerships and policy alignment. Sessions focused on carbon markets, regional CO₂ storage mapping and cross-border trading frameworks are expected to catalyze investor-ready pipelines within the next year. If the Caribbean can align its hydrocarbon base with credible carbon-management strategies, it stands not only to meet global decarbonization targets, but to transform emissions into a new, exportable asset class for the region.

Join us in shaping the future of Caribbean energy. To participate in this landmark event, please contact sales@energycapitalpower.com.