Guyana Planning 135-Mile Subsea Pipeline for Gas-Fired Power Plant
Guyana’s government expects work to begin on a major gas-fired power plant next year, which will be constructed with the expectation of a 220-kilometer (135-mile) pipeline also being built, Bloomberg reported.
Guyana will likely be one of South America’s top oil producers during the next four years, but this project is an example of the country also investing in natural gas, according to the Bloomberg report.
Peter Ramsaroop, chief executive officer of GoInvest, a Guyana government agency that encourages foreign direct investment, said financing the project is still being worked out.
“The start date of laying the pipe is now being finalized, but the decision has already been made,” Ramsaroop said in the Bloomberg article. “Guyana must have the gas and hydropower to be able to bring a competitive economy to the point where we can depend on our own energy to deliver our goods and services.”
The project could improve the country’s electricity access, since the electricity is currently expensive and unreliable because it is mostly generated by burning imported fuel oil and distributed through an aging transmission system, Bloomberg said.
Exxon Mobil’s offshore oil developments, which also contain natural gas, are of interest to the Guyana government for power generation.
Exxon “expects to make significant progress over the next few years in cooperation with the Government of Guyana to advance a gas-to-energy project,” it said in a statement, Bloomberg reported. The pipeline would transport about 50 million standard cubic feet a day of gas from the company’s Liza Phase 1 and 2 oil projects, it said.
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