Guyana, the South American country that is home to the world's largest oil discoveries in a decade, next wants to develop its mostly untapped natural gas reserves, Vice President Bharrat Jagdeo said on Sunday.
The vice president plans to use the conference to promote 14 untapped offshore blocks to a global audience of energy executives and ministers.
The government expected to receive this year a plan it had requested from Exxon for developing the company's gas discoveries, Jagdeo said. The country was also discussing with technicians and consultants a national strategy to supply gas to industries ranging from petrochemicals to exportable liquefied natural gas , he said.
"We've had a number of those companies come to us and say 'Should you do that, we want to be considered,'" he said of the potential to become an LNG exporter. He declined to identify which LNG developers had approached the government. Exxon, which Guyana says could be required to relinquish 20% of its 6.6-million-acre Stabroek block, has not developed its Pluma discovery, which was announced in 2018.
"If they don't utilize it, they have to give it up," Jagdeo said. Pluma is close to Guyana's maritime border with Suriname, where other oil and gas discoveries have been made.Our Standards:Focused on energy-related sanctions, corruption and money laundering with 20 years of experience covering Latin America's oil and gas industries.
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