Guyana Set To Export Natural Gas

• Given the significant volume of natural gas discovered in the Stabroek Block and the quantity that would be piped to shore via the US$900Mn gas-to-shore project, many industry experts had warned that Guyana would have to explore the exportation of gas since domestic demand would be utterly overwhelmed. 
• Minister of Natural Resources, Vickram Bharrat, also disclosed that another project—the Yellowtail Project—which is poised to be executed by ExxonMobil in the Stabroek Block would also support an improvement in the country’s gas reserves, once approved. This project is poised to generate 450 million standard cubic feet of gas per day by 2025-2026. This is nine times the volume of gas that would be brought onshore via the US$900Mn gas-to-shore project. 
• With the country now gearing up to export natural gas, this will lead to an increase in government revenues, exports, expansion of the oil sector and overall economic growth.

 (Sources: Kaieteur News & NCBCM Research)