The Government of Guyana has completed the necessary amendments to the Field Development Plan (FDP) for the Liza Phase One Project to ensure all legal grounds are covered for the support of its US$2B gas-to-energy project.
During a press conference at Freedom House, Vice President, Dr. Bharrat Jagdeo, confirmed that the FDP adjustment has been completed, which would allow for the extension of the gas supply for at least 20 years. “So that has been completed,” he said.
Construction of the gas-to-energy project is scheduled to begin this year, with CH4-Lindsayca handling the natural gas-fired power plant and natural gas liquids plant, while ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), will construct the pipeline.
The pipeline will be connected to the Liza Phase One and Two Projects, allowing for the transfer of gas to onshore facilities at the Wales Development Site.
The pipeline alone is expected to cost over US$1.3B, while the onshore facilities will cost US$759M.
The project is expected to reduce the nation’s electricity costs by 50 percent and increase the competitiveness of other industries.
