ExxonMobil Expands Natural Gas Production in Guyana
ExxonMobil Unveils Plans to Expand Natural Gas Production and Supply in Guyana
U.S. oil giant ExxonMobil has announced plans to expand natural gas production and supply in the South American CARICOM nation of Guyana, responding to the government’s push for more gas to power onshore energy and petrochemical projects.
The ExxonMobil Guyana offices at 86 Duke Street in Georgetown, Guyana. Photographer: Jose A. Alvarado Jr./Bloomberg via Getty Images
The Wales Gas Vision
Announced at the Guyana Energy Conference in Georgetown, the Wales Gas Vision aims to support industrial growth by delivering gas through a $1 billion pipeline completed last year. Exxon’s Guyana head, Alistair Routledge, outlined the initiative, which will supply gas for power generation and petrochemical production.
Government Involvement
The Guyana government will receive a portion of the gas from Exxon’s Stabroek Block, while U.S.-based Fulcrum LNG will develop an offshore gas processing and liquefied natural gas (LNG) facility.
According to Guyana Energy Minister Vickram Bharrat, Exxon may construct additional pipelines to transport profit gas—the government’s share – to Fulcrum LNG’s plant. The facility will enable LNG exports and gas supply to Berbice for fertilizer and alumina production.
Future Projects
While total investment figures remain undisclosed, Bharrat emphasized that Guyana has sufficient gas resources for commercial projects. The country is set to launch a national gas strategy this year as it moves toward a diversified energy mix.
Exxon, alongside partners Hess Corporation and China’s CNOOC, is expected to ramp up gas output through upcoming projects, including Longtail, which could produce 1.2 billion cubic feet per day (bcfd) of gas. A final investment decision on Longtail is expected in 2026.
Conclusion
The developments are expected to drive economic growth, expand industrial capabilities, and establish Guyana as a regional energy powerhouse.
Frequently Asked Questions
Q: What is the purpose of the Wales Gas Vision?
A: The Wales Gas Vision aims to support industrial growth by delivering gas through a $1 billion pipeline completed last year.
Q: How will the Guyana government be involved in the project?
A: The Guyana government will receive a portion of the gas from Exxon’s Stabroek Block, while U.S.-based Fulcrum LNG will develop an offshore gas processing and liquefied natural gas (LNG) facility.
Q: What are the plans for future gas production in Guyana?
A: Exxon, alongside partners Hess Corporation and China’s CNOOC, is expected to ramp up gas output through upcoming projects, including Longtail, which could produce 1.2 billion cubic feet per day (bcfd) of gas.
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