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Dominican Republic and Ecuador seek alliance to evaluate possible exploitation of natural gas

República Dominicana y Ecuador buscan alianza para evaluar posible explotación de gas natural

The presidents of the Dominican Republic, Luis Abinader, and Ecuador, Guillermo Lasso, announced that they had reached an agreement to start talks and establish an alliance between the two countries to evaluate the exploitation of natural gas and increase its supply for the benefit of the sustainable development of both nations. .

“With the Dominican Republic we are united by a deep friendship and we share the same democratic values ​​and respect for the rule of law and institutionality. We have agreed to start talks for an alliance between the two countries with the objective of evaluating the repowering of the Amistad natural gas field to increase the supply of this resource for the benefit of the sustainable development of both nations,” said Lasso.

Lasso also stressed that they have agreed on the interest in carrying out analysis and exploration activities and additional production of Ecuadorian crude with a view to satisfying the long-term needs of the Dominican Republic.

In the meeting, which took place prior to the start of the VI Meeting of the Alliance for Development in Democracy (ADD)the President of Ecuador said that he had a positive meeting with President Abinader to review the main issues of the bilateral relationship.

“On March 25, I will have the pleasure of visiting the Dominican Republic to attend the Ibero-American Summit and receive the pro tempore presidency of this important regional integration mechanism. In 2024, Ecuador will host the Ibero-American Summit for the first time in its history, ”he said.

Haiti problem

Lasso indicated that he has spoken with President Abinader about the active role that Ecuador will play in the United Nations Security Council and, in particular, the priority that the treatment of Haiti’s problems will have with respect to its sovereignty and integrity.

In this regard, he said, both have agreed on the responsibility of the international community to seek lasting solutions that contribute to the democratic stability of Haiti.

“We have also discussed the interest in starting and accelerating negotiations for a free trade agreement between the Dominican Republic and Ecuador. In addition, we have discussed our coincidences in jointly and articulately addressing the challenge of migration, with a firm conviction to combat criminal structures and the smuggling of migrants,” Lasso reported.

President Abinader supports the promotion of Natural Gas between both nations

Abinader indicated that he supports and shares the ideas of the Ecuadorian president, in terms of bilateral relations, the empowerment of the Natural gaswhich would be a government-to-government relationship with state-owned companies.

He said that he also spoke with President Lasso about insecurity in Haiti, which he said affects all the countries of the American continent. He also said that they will try to work together on the problems of illegal migration that the continent has.

He also stated that they will work so that Ecuadorian and Dominican businessmen can have a much greater relationship and economic activity between the two countries.

In this sense, he said that a commission of Dominican businessmen, from the Ministry of Foreign Affairs and Industry and Commerce, will meet in May to see some free trade agreements for different products of interest to Ecuador and the Dominican Republic.

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