Article 6, Part I: Before the Second Pipeline: Guyana Needs a Gas Portfolio, Not Just More Projects

By Anthony E. Paul Senior Energy Governance, Policy & Strategy Advisor; formerly Director of Geology and Geophysics, Trinidad and Tobago Ministry of Energy; Amoco Trinidad and BPTT Manager responsible for Exploration and Appraisal / Gas Field Development / Oil Production

(Kaieteur News) – When I began writing about Guyana’s emerging gas industry earlier this year, much of the discussion centred on an important transition. Guyana had demonstrated an extraordinary ability to develop oil quickly, but natural gas would require a different approach.

Oil can be produced, stored, loaded onto a tanker and sold into an established international market. Gas is much less forgiving. Reservoir management, offshore production, pipelines, processing, electricity generation, industrial demand, contracts, financing and pricing all have to be brought together, often within relatively narrow windows of time.