The government has extended the deadline for submission of Expressions of Interest for Gas Related Investments here by two weeks to facilitate additional inquiries garnered from the recent Offshore Technology Conference (OTC) in Houston, Texas.
The Ministry of Natural Resources (MNR) last week published a notice on its website moving the date from August 29th 2021, the. All aspects of the prior notice remain the same.
Sources told this newspaper that the decision was made after a number of companies at the OTC sought clarity on the notice.
Head of the Guyana Office for Investment (G-Invest) Peter Ramsaroop had last week told this newspaper that the OTC saw increased interest in business opportunities here and a number of MOUs were signed with private sector companies.
In July of this year, government announced that it was seeking investors for all aspects of its proposed US$900m Wales, West Bank Demerara gas-to-shore project to make future plans for a world class development a reality.
“The GOG expects to receive a guaranteed minimum of 50mmscfd of gas by 2024 from the 12 inch pipeline from the Liza area, which will have a capacity of up to 130 mmscfd,” the notice, posted on MNR’s Facebook page stated.
“The GOG invites Expressions of Interest (EOIs) from interested parties for (i)Joint participation with the GOG and (ExxonMobil’s subsidiary Esso Exploration and Production Guyana Limited), in designing or utilizing the outputs from a NGL (Natural Gas Liquids Facility)/LPG (Liquified Petroleum Gas) facility and related facilities. (ii). Design, construction and financing of a power plant fueled by natural gas, where the power will be delivered into the GPL grid. (iii) Industries that can utilize natural gas for natural gas driven developments and growth. For this initial phase, projects must have a maximum demand of 10mmscfd with a preference for projects utilizing 1-5mmscfd,” it adds.
It explained that the EOI may include each element individually but firms or persons can respond to all elements.
But where the item listed “ii and iii” are submitted jointly, the EOI must demonstrate the nexus between the projects as detailed by guidelines, it said in the notice.
