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Energy

ICON LNG imports 100th container of natural gas for DDL’s electricity generators

ICON LNG Guyana, Inc. (ICON LNG) has announced that it has achieved a  milestone in Guyana with the importation and delivery of its 100th ISO container of liquefied natural gas  (LNG). LNG is a reliable and environmental friendly fuel that is quickly replacing coal, heavy fuel oil and  diesel as the world’s demand for clean, safe and affordable energy supplies ...

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Gas-to-shore project viable despite global plan to scale up renewables, cut emissions

Vice President Bharrat Jagdeo on Monday insisted that the proposed US$810 million to US$900 million gas-to-shore project would be viable in years to come, despite ongoing progress in scaling up renewable energy sources and reducing dependence on fossil fuels. “I don’t believe fossil fuel prices will fall. You still have a large number of years when fossil fuel prices will ...

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Guyana pushing ExxonMobil for cheap natural gas-generated electricity, higher pay for Guyanese

The Guyana government plans to open negotiations with United States (US) oil giant ExxonMobil to purchase natural gas to push industrialisation and provide cheap electricity to the nation as well as entrench local content requirements to ensure Guyanese are not paid lower salaries than in other countries, Vice President Bharrat Jagdeo told a news conference on Friday. Claiming that the ...

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Guyana’s oil revenues will decline in short term; ExxonMobil won’t stop production in Guyana

Plummeting demand for oil as a result of the Coronavirus (COVID-19) pandemic and an oil price war are expected to see Guyana earning less than the US$300 million it had expected to rake in annually from the Liza Phase 1 project and force ExxonMobil to push back developing other oil reservoirs, an analyst said. ExxonMobil spokeswoman in Guyana, Janelle Persaud ...

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First Bauxite considers natural gas-fired aluminium smelter

First Bauxite LLC (FBX) has indicated to government that it would build an aluminium smelter in Guyana if natural gas, a cheap source of electricity generation, could be brought from hydrocarbon fields located offshore, Finance Minister Winston Jordan said. “They said if we can bring natural gas in sufficient quantities, they are prepared to put a smelter right there in ...

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Guyana to sell 5 million barrels of oil in 2020 -energy chief

Guyana is this year expected to lift and sell five million barrels of crude oil being extracted from the Liza-1 well from the ExxonMobil-led consortium under the banner of Esso Exploration and Production Guyana Limited (EEPGL), Director of government’s Department of Energy, Dr Mark Bynoe said Tuesday. “I am happy to say that Guyana is entitled to approximately five million ...

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Giftland poised to sell GPL electricity

The Guyana Power and Light Incorporated (GPL) has signed a contract with Giftland Mall for electricity to be supplied to the electricity company’s grid. Minister of Public Infrastructure David Patterson made the disclosure on the sidelines of the sod-turning ceremony for the construction of a solar project that is expected to power the CARICOM headquarters at Lilliendall. “The Power Purchase ...

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No place for incompetent, corrupt ministers in law-abiding PPP gov’t -Irfaan Ali

People’s Progressive Party Civic (PPPC) presidential candidate, Irfaan Ali on Sunday night vowed that if he wins the general elections in March, he would not tolerate incompetent and corrupt ministers and that his administration would obey the laws and Guyana’s constitution. “I know that I will not be a president that surrounds himself by ministers who are incompetent and corrupt. ...

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Blackout-weary Bartica gets new power station; solar farm plans moving ahead

President David Granger Saturday morning commissioned a US$3.4 million power station at Dogg Point, Agatash in Bartica, Cuyuni-Mazaruni (Region 7), where he noted that it will bring unprecedented relief to residents who have experienced severe power outages over the years. The President in his address at a simple ceremony, said it is inconceivable that Guyana can be on a path ...

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GMSA wants local sale of Guyana oil portion to lower electricity cost

The Guyana Manufacturers and Services Association (GMSA) recommends that the country’s entitled portion of refined oil be sold locally at a cheaper price in order to lower the cost of electricity especially to businesses. GMSA President, Clinton Williams noted that many of the “long-standing jeopardies” are closely linked to the high cost and unreliability of electricity, resulting in poor performance ...

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