Guyana Terminates Taiwan Office Deal amid China Pressure

Friday, February 5, 2021

Guyana on Thursday abruptly terminated an agreement with Taiwan to open an office in the South American country, hours after China urged Georgetown to "correct their mistake."

Taiwan's foreign ministry earlier on Thursday said it had signed an agreement with Guyana on Jan. 11 to open a Taiwan office, effectively a de facto embassy for the island that China claims as its sovereign territory with no right to diplomatic ties.

Guyana's foreign ministry on Thursday afternoon said it was rolling back the agreement and that it continued to adhere to the "One China" policy.

"The government has not established any diplomatic ties or relations with Taiwan and as a result of the miscommunication of the agreement signed, this agreement has since been terminated," Guyana's statement read.

Guyana has traditionally had close ties with China.

Chinese Foreign Ministry spokesman Wang Wenbin had responded to the move by saying Beijing hoped Guyana would not engage in official ties with Taiwan, calling on the country to "earnestly take steps to correct their mistake."

The United States is worried about deepening Chinese influence in Latin America. Guyana, a former British colony, recently begun developing offshore oil reserves and is strategically located next to strife-torn Venezuela, a major Chinese ally with which Guyana has a territorial dispute.
Taiwan only has formal diplomatic relations with 14 countries, including four Caribbean nations.

China's CNOOC Ltd is part of a consortium with U.S. oil companies Exxon Mobil Corp and Hess Corp that has discovered more than 8 billion barrels of recoverable crude reserves in the Stabroek block off Guyana's coast, turning the country into a new energy hotspot. 

(Reporting by Ben Blanchard and Neil Marks in Georgetown, Guyana; Additional reporting by Gabriel Crossley in Beijing and Luc Cohen in New York; Editing by Michael Perry and Marguerita Choy)

Categories: Energy Industry News Activity South America Asia

Related Stories

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Indonesia Targets Higher Oil and Gas Output in 2027

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Oil Prices Fall Amid Signs of US-Iran Ceasefire Extension Deal

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Indonesia Signs Eight Oil and Gas Contracts

Current News

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Aramco Picks McDermott for Energy Projects in Saudi Arabia

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Indonesia Targets Higher Oil and Gas Output in 2027

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com