Vice President, Dr. Bharrat Jagdeo announced at a recent press conference that the government’s second gas project under the national gas monetization strategy is expected to be in Berbice. This project, a key component of Guyana’s gas strategy, aims to bolster the country’s energy infrastructure and economic growth.
Speaking on the potential location of the project, Jagdeo noted, “Maybe if the large gas—second monetization of gas project comes onshore, it will come onshore in Berbice, because that’s the ideal location.”
The project, which will be spearheaded by United States-based Fulcrum LNG, involves the development of a state-of-the-art natural gas processing facility. This initiative is part of a broader effort to expand Guyana’s gas infrastructure and optimize the use of its natural gas resources.
During a previous presser, Jagdeo had emphasized that despite appearing to be at a standstill, the gas strategy has not been abandoned. “We’re still working on it. But as you’ve seen, we’ve moved forward with the project that we wanted to check the viability for. We’ve moved forward on that, but again, the gas strategy is a clear one,” he said.
The Vice President highlighted that the primary goal of the gas strategy is to identify the most effective ways to monetize Guyana’s associated gas.
This second gas project follows the initial gas-to-energy initiative, which aims to transport natural gas from the offshore Stabroek Block to an onshore processing facility on the west bank of the Demerara River. This project includes the construction of a 220-kilometer pipeline designed to carry at least 50 million cubic feet of gas per day. The gas-to-energy project is expected to significantly reduce electricity costs by 50% and stimulate growth in the industrial and manufacturing sectors.
Expanding on the future potential of Guyana’s gas reserves, Jagdeo said that the second project can streamline 70 million cubic feet of gas through its pipeline. However, the government still has to ponder how it will utilize the gas. “It could be for generating additional power, fertilizer, different things,” he said.
