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Georgetown (Reuters) – US Oil Major Exxon Mobil is planning to increase the output and delivery of the natural gas and the range in Guyana through a large -scale project announced on Wednesday, after the government’s call for more gas to Onshore -Stroom and feed petrochemical projects.
The “Wales Gas Vision”, outlined by Exxon’s Guyana Head, Alistair Routledge, will offer gas for the production of fertilizers via a pipeline of $ 1 billion completed last year.
The government takes part of the gas supplied by Exxon for the production of electricity generation and the production of natural gas fluids via its gas-to-energy project.
The Wales project of Exxon also requires the construction of individual pipelines and gas processing and liquid natural gas (LNG) offshore facility. The facility will enable LNG export and gas supply to the Berbice area of Guyana for producing fertilizers and aluminum oxide, Exxon said.
The company did not give a total investment figure for the project.
The consortium -led Consortium in Guyana, in which China’s American Hess and Cnooc participate, plans to increase the gasout well in the coming years, especially through projects with gas that are not associated with oil, such as Longtail.
A definitive investment decision for Longtail, which would be the eighth project in the group in the South American country and yields up to 1.2 billion cubic foot a day (BCFD) gas, is expected next year.
Exxon is “ready to deliver gas” on the coast, said Routledge on Guyana’s Energy Conference.
Guyana wants to add natural gas to an energy mix that is dominated by oil output, which increases the power generation and to open new sources of income by exporting Petrochemicals and LNG, said Energie van Energie Vickram Bharrat earlier on Wednesday.
“There will be a shift to the use of gas and income,” the minister said at the Georgetown conference. The government is expected to launch its ambitious gas strategy this year.
The fourth floating oil production facility of the country, built by SBM Offshore who left Singapore this week, will start activities in the third quarter, Exxon said.
(Reporting by Kemol King and Marianna Parraga; adaptation by Kirsten Donovan)
