Even though the PPP/C Administration is working vigorously toward bringing gas to shore in three years, Vice President, Dr. Bharrat Jagdeo has assured that the requisite laws will be in place to ensure the downstream sector is properly governed.
The official provided this assurance during a press conference that was recently held at the Arthur Chung Convention Centre.
There, Dr. Jagdeo noted that works have begun on the gas to energy project while adding that the administration has already started defining the parameters of same with ExxonMobil. He said that the government is hoping to have at least 200 megawatts of power brought to shore and enough gas to supply the entire country with cooking gas.
The Vice President said he is hopeful that this will be implemented soon while noting that the government has every intention of changing the entire dynamic of electricity pricing.
During his time as Minister of Public Infrastructure with responsibility for energy, AFC’s David Patterson had said that ExxonMobil is capable of providing 30 to 50 million cubic feet of natural gas from the Liza Phase One Project alone for electricity generation. The former Minister was keen to note that while this is enough to power the entire country for over 15 years, it is also enough to provide Guyana with four times the quantity of cooking gas that is used per day.
Patterson had said, “The gas available is enough to give you about 200 megawatts of power, which is more than the Guyana Power and Light is providing. Upon learning this, we started looking at the possibility of producing Liquefied Petroleum Gas (LPG)…An initial assessment showed that the quantity available is enough to provide us with four times our daily consumption of cooking gas.”
The AFC member had also noted that the country uses approximately 20,000 barrels equivalent per day of cooking gas. He had said that while exporting this quantity is not commercially viable, it is certainly enough for domestic use.
Patterson had said that the APNU+AFC had initially envisioned putting an industrial park to facilitate the plans for LPG at a 475-acre plot of land at Woodlands on the East Coast, but this was never finalized.