MERCOSUR and the Latin American and Caribbean Energy Organization (OLACDE) signed a Memorandum of Understanding to strengthen regional cooperation in the energy sector through the development of technical projects in priority areas for the Member States.
The signing took place during the 65th Extraordinary Meeting of the Common Market Group (GMC), held on December 17–18 in Foz do Iguaçu, within the framework of the MERCOSUR and Associated States Summit of Heads of State and Government, under the Pro Tempore Presidency of Brazil.
The Memorandum was signed by the National Coordinators of the Common Market Group (GMC): Ambassador Fernando Brun (Argentina); Ambassador Francisco Pessanha Cannabrava (Brazil); Ambassador Patricia Frutos Ruiz (Paraguay); and Ambassador Paola Repetto (Uruguay). Representing OLACDE, Guido Maiulini, Head of Strategic Advisory, participated in the signing.
The document establishes the development of joint work projects in priority areas such as electricity and gas integration; regulatory interoperability and the promotion of regional energy markets; the development of renewable energy and new technologies; energy efficiency; sustainable fuels; and the responsible use of strategic minerals associated with the energy transition.
Through this understanding, MERCOSUR and OLACDE consolidate a framework for technical cooperation that will support energy transition processes, strengthen regional energy security, and advance the modernization of energy systems, while assisting Member States in coordinating public policies and regulatory frameworks and in building a long-term energy agenda that strengthens regional integration.
