Update 1: Fulcrum LNG has been appointed to assist Guyana in the development of its natural gas resources.
Adds context on Guyana's aspirations for natural gas from paragraph 5; adds no rapid response from Fulcrum.)
June 20 (Reuters) - President Irfaan Ali said on Thursday that Guyana has chosen the American company Fulcrum LNG to assist in creating a strategy to design, finance, build, and run a natural gas processing plant in the South American nation.
Out of the 17 proposals that Guyana received for the gas project, the company's was chosen. President Ali said during a press conference that Fulcrum would collaborate with Guyana and energy behemoth Exxon Mobil, which heads the group in charge of all of the nation's oil output.
"We have identified an engineering team to work with the stakeholders in coming up with the model as well as negotiate a heads of agreement as well as look at the viability -technically and financially- of the project," Ali said.
Regarding the news, an Exxon Mobil representative did not immediately have a statement.
An inquiry for comment was not immediately answered by Fulcrum LNG.
Hess Corp and CNOOC Ltd, part of the Exxon-led oil consortium, have been under pressure from Guyana to establish a strategy to exploit natural gas deposits off the coast of the nation or give up areas where gas has been found.
According to Exxon, it plans to finish evaluating the gas discoveries by the beginning of next year and is thinking about the best way to market the natural gas.
Last month, a government official said that Guyana had found a business to assist in the project's development, which it anticipated would cost between $10 billion and $15 billion. (Writing by Gary McWilliams, editing by David Gregorio; reporting by Kemol King in Georgetown)
In a single day, 3.6 crore Indians came to see us, deciding that we were the indisputable platform for the country's general election results.
No comments:
Post a Comment