Construction moves apace on Guyana’s Gas-to-Energy project 

• The Gas-to-Energy project at Wales continues to record progress. On September 8, 2025, President Irfaan Ali provided an update on the construction initiative.
• He reported that Phase I is advancing, with the foundation for the first gas turbine poured on September 9. The remaining turbine foundations are scheduled for completion within the next month. More than 300 people are currently employed on the project, with an additional 100 staff set to be engaged within the next 30 days.
• Regarding Phase II, which envisions another 300 MW power plant and NGL facility, seven submissions have been received and are under review. The process of finalising pre-qualified firms is ongoing, paving the way for engineering, procurement, construction, and financing arrangements.
• The President also outlined developments at the Wales Industrial Zone, where an updated site map highlights existing and proposed infrastructure. Land has been designated for a data centre, an ammonia/urea plant, and a glass factory. In addition, 20 Mn cubic feet of gas per day has been earmarked for a fertiliser facility with a capacity to produce 300 tons of urea annually. Discussions with international and local firms are underway in relation to this initiative.
• This initiative sits within Guyana’s broader strategy of using its newfound oil wealth to build a more resilient, diversified economy. While oil revenues fund development, the government is aiming to channel resources into sustainable infrastructure, food security, industrialisation, and energy security.
• Guyana currently has some of the highest electricity costs in the region, driven by heavy reliance on imported fuels. By harnessing natural gas from offshore oil production, the project is expected to cut electricity costs by 50% or more. This should ease the burden on households and businesses.
• Reliable, cheaper power will unlock opportunities for downstream industries such as fertiliser, petrochemicals, glass manufacturing, and data services. These industries are already earmarked for the Wales Industrial Zone and would help diversify the economy, create jobs, and reduce dependence on crude oil exports.

(Source: oilnow)