Liam Mallon, President of ExxonMobil’s Upstream Company, said Guyana’s landmark Gas-to-Energy project exemplifies ExxonMobil’s commitment to progressing meaningful development in its business, because of the impact it will have on the South American country.
“This project will produce half the emissions that your current alternative for power [does], and it represents a huge shift from heavy fuel oil to a cheaper cleaner and more reliable energy source for the country,” Mallon said.
He was at the time addressing an event hosted by President Dr. Mohamed Irfaan Ali at State House, Georgetown, to outline the details of the transformational gas project.
Mallon’s comment is consistent with statements by government officials, who have cited studies that the project will significantly reduce emissions associated with electricity generation in Guyana.
“That not only will improve the lives of people here every single day but will open up significant benefits in the broader economy, potentially way beyond Guyana,” Mallon said.
President Ali explained in his address that though, through the first phase, the project will supply 50 million cubic feet per day of gas to meet local demand, the pipeline has capacity for 120 million cubic feet to be transported per day. He explained that this will help Guyana supply the region.
Minister of Natural Resources, Vickram Bharrat, had said Guyana wants to be the energy capital of the region. Central to this plan is the plan for a regional energy corridor to be established, linking Guyana to Suriname, Northern Brazil, and French Guiana.
Mallon said Gas-to-Energy shows ExxonMobil is fulfilling its responsibility to create sustainable development beyond oil & gas, for countries in which it operates.
President Ali said public discourse on this project over the years has seen it undergoing and passing every test of public scrutiny, and that it must move forward.
