Public input being invited for finalization of strategy to monetize Guyana’s gas reserves

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As Guyana looks to monetize its gas resources, now estimated to be around 17 trillion cubic feet, the government has released a “discussion paper” for citizens to review and provide input. This will form the basis for finalization of a national gas strategy. 

Vice President Dr. Bharrat Jagdeo explained to local media operatives on Thursday that the document was crafted by its consultants and placed into the public domain for feedback. He said the government has not had detailed input into the formation of the document, acknowledging that there are already reports about information gaps and other technical weaknesses.

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“We know there are several issues with it, but it is a good discussion paper that is now in the public domain. Now is the time for everyone to share their views on it before we finalize this document,” the Vice President said.

He also urged citizens to be as comprehensive as possible in their feedback. “If you feel that we don’t have enough gas out there and we shouldn’t monetize it, then tell us. If you believe there shouldn’t be a lot of concessions (given to companies) to develop these resources, then say so and justify it, of course. This is a blank canvas for the people and government to work on together,” the official shared.

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While key bilateral partners with experience in gas production, such as Qatar, did not have a role to play in the drafting of the document, Jagdeo said Guyana has every intention of seeking the counsel of its Middle Eastern ally.  

“…We hope to work closely with all of our partners on this…Qatar will be a very important sounding board for us because of the scale at which they are doing things,” the Vice President said.

With the discussion paper now in the public domain for review and feedback until November 14, Jagdeo said comments would be welcomed from Qatar as well as ExxonMobil, which has unlocked the most gas resources in the Guyana-Suriname basin with its Stabroek block discoveries. 

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