Wednesday, June 7, 2023

Guyana in search of investors for landmark gas to energy project

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The Guyana government is inviting Expressions of Interest (EOI) for joint participation with the administration and ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) in designing or utilizing the outputs from its Natural Gas Liquids (NGL) and Liquified Petroleum Gas (LPG) and related facilities. These structures are being built as part of the government’s landmark estimated US$900 million Gas-to-Energy project set to come on stream by 2024.

A public notice from the Ministry of Natural Resources states that the EOI also includes design, construction and financing of a power plant fueled by natural gas where power will be delivered to the national grid.

Natural Gas Liquids to be sold to 3rd parties when mega project comes on stream in 2024

The EOI is also targeting parties interested in industries that can utilize natural gas for natural gas driven developments and growth.

According to the notice, for this initial phase, projects must have a maximum of 10 million metric cubic feet per day (mmcfd) with a preference for projects utilizing 1-5 mmcfd.

The notice said responses to the EOI will be used to determine parties that will be selected to work with the government in accomplishing these objectives.

The Gas-to-Energy project will utilise associated natural gas from ExxonMobil’s Liza field with the pipeline passing through Crane and other communities before being landed at Wales on the West Bank of Demerara where the power generation facility will be constructed.

Gas-to-Energy project to create over 700 jobs

The offshore pipeline will be connected to an underground pipeline onshore that will be 27 km long and 12 inches in diameter. It is expected to follow existing roads/canals within a corridor selected by the government.

The project is expected to last for at least 25 years and is generally anticipated to have a positive effect on the economy of Guyana as a result of more affordable and reliable electricity, as well as increased local employment and procurement opportunities.

Wales to be like Point Lisas but a little bit more eco-friendly – VP Jagdeo

The highly anticipated project is expected to pave the way for a massive industrial park located at Wales which is expected to occupy just over 10,000 acres of land.

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