Page 4 - LatAmOil Week 13 2022

COMMENTAR
LatAmOil COMMENTARY Y LatAmOil

(Image: ExxonMobil)
Upsides of Guyana’s

gas-to-power project

Industry analysts say this gas-to-power scheme will help the country

reduce emissions, improve economy and also bolster energy security

SEVERAL energy industry experts have been 50mn cubic feet (1.42mn cubic metres) per day
talking up the prospects of Guyana’s landmark of associated gas from the offshore oilfields. It
WHAT: gas-to-power (GTP) project, saying that the will separate natural gas liquids (NGLs) out of
Arthur Deakin of AMI initiative has the potential to lead to significant the gas, isolating butane, propane and pentane
and other analysts are reductions in the country’s carbon emissions from dry gas that can be used to generate elec-
talking up the economic, while also making the country more resilient in tricity at a new-build 250-MW thermal power
environmental and other the face of oil price fluctuations. plant (TPP).
benefits of the project. They were referring to plans for building a The cost of this project has been estimated at
pipeline to connect Stabroek, an offshore block $600-900mn, and ExxonMobil hopes to make
WHY: assigned to a consortium led by ExxonMobil a final investment decision (FID) by the end of
Guyana has been using (US), to an onshore processing facility near June 2022. It has already received 12 bids for the
petroleum products for
power generation. Wales by 2024. This pipe will transfer gas from contract to build the TPP and NGL plant and
the floating production, storage and off-load- is trying to decide whether to expand the scope
WHAT NEXT: ing (FPSO) vessels installed at the Liza-1 and of the scheme to encompass the construction of
The success of CCS will -2 sections of the blocks (and perhaps later, the an industrial park housing petrochemical and
depend on the use of the Yellowtail section) and pump it to the processing fertiliser plants, as well as a larger TPP capable
appropriate technology. plant. of providing power to multiple on-site manufac-
This facility will be able to process up to turing facilities.

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