U.S. oil major Exxon Mobil plans to boost natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's…
U.S. oil major Exxon Mobil plans to boost natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's call for more gas to fuel onshore power and petrochemical projects.
The "Wales Gas Vision", outlined by Exxon's Guyana head, Alistair Routledge, at an energy conference in Georgetown, is set to provide gas for several petrochemical and power projects through a $1 billion pipeline completed last year.
The government will take a portion of the gas, produced by Exxon at its massive Stabroek Block and transported through the pipeline for power generation and natural gas liquids production.
Also planned is a gas processing and liquefied natural gas (LNG) offshore facility to be built by U.S. company Fulcrum LNG.
Exxon might be in charge of building a separate set of pipelines to transport the gas the government is entitled to as profit gas to Fulcrum LNG's facility, energy minister Vickram Bharrat told Reuters on the sidelines of the conference. The plant will allow LNG exports and gas supply to Guyana's Berbice area for producing fertilizers and alumina.
Exxon and the government have not disclosed total investment figures for the projects. A complete assessment of gas resources at
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