Govt.tocompleteGasStrategyPlanbyyearend-Jagdeo

piped to shore, however Jagdeosaidthisisnotthefull capacityofthestructure.

He said, “We said to Exxon, the pipeline…will havethecapacitytobringin more gas. We have had the discussions very early about utilizing the pipeline to its full capacity so that means maybe another 70 to 80 million cubic feet of gas everyday.”

The VP noted that the state is seeking guidance on howtoutilizethegas.“How doweusethat?Thatiswhat we are discussing now We went out already for expressionsofinterestanda lot of interest is being expressedastohowtoutilize thegas.”

Hewaskeentonotethat while Exxon initially pointedoutthatthegashasto be re-injected into the wells to maintain its quality, government has a different view

To this end, he made it clearthatifExxonrefusesto utilize the resources discovered,theymayhaveto

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While American oil giant, ExxonMobil continues to develop a Gas UtilizationPlanforGuyana, the State is working on its ownGasStrategyPlanthatis slatedtobecompletedatthe endofthisyear.

Vice President (VP), Bharrat Jagdeo shared duringapressconferenceon Friday at the Arthur Chung ConferenceCenterthatIndia will be assisting Guyana in developing the document that guides the state in monetizingtheresource.

Jagdeo only a few days ago returned from the South Asian state where the two sides discussed areas of future collaboration. In fact, theCabinetinIndiaissaidto b e r e v i e w i n g a M e m o r a n d u m o f

Understanding (MoU) that willseepartnershipbetween the two countries in areas such as agriculture, energy, health,andothers.

The VP told reporters, “We have embarked on the Gas-to-Energy project that will utilize some of the natural gas that is produced or we have discovered offshore We are now pushing Exxon to complete the gas utilization plan. We hope this would be completedverysoonandwe are working on our own gas strategy Wearegoingtoget some of the Consultants from India and other places to work with us on having a national gas strategy which will determine what we do with the gas that is being foundoffshoresofar.”

He said the gas strategy will be completed before the end of 2023, clarifying that this document will not prevent the development of the Gas-to-Energy initiative

ExxonMobil through its subsidiary,EssoExploration and Production Guyana Limited (EEPGL) will be funding the 12 inch pipeline thatwillbeusedtotransport the resource to Wales where a Natural Gas Liquids (NGL) plant will treat and separatethegasforuseinthe 300megawattspowerplant.

Some 50 million cubic feet of gas per day will be