Guyana's government expects a consortium led by U.S. oil major Exxon Mobil to brief officials by the end of March on plans to develop offshore gas, the country's vice president told Reuters…
Guyana's government expects a consortium led by U.S. oil major Exxon Mobil to brief officials by the end of March on plans to develop offshore gas, the country's vice president told Reuters.
"They said: 'by end March, we will tell you what we will do.' And that's what we're waiting (for)," Vice President Bharrat Jagdeo said in an interview on the sidelines of Guyana's Energy Conference in Georgetown.
Guyana is the fastest-growing economy in the world thanks to rapid expansion of output from offshore oilfields controlled by the Exxon-led consortium, in which Hess and CNOOC also participate.
"Clearly for us, there shall be a project. We have to monetize the gas, and if Exxon doesn't want to do it, we already said to them... we have a lot of people who are interested in doing this on their own," Jagdeo added.
The government, which wants to use natural gas to drive growth in the domestic economy, has progressed to award contracts for power and petrochemical projects that will receive gas supplies. It is also exploring options to develop liquefied natural gas facilities to export the fuel.
The government says there is enough gas at Exxon's massive Stabroek block for commercial development,
Content Original Link:
" target="_blank">
