The Government of Guyana (GoG) has made the strategic choice of developing its Oil & Gas (O&G) natural resources in a timely manner to maximize the economic benefit associated with such developments, ensuring the further development of Guyana and prosperity for all the Guyanese people.
As a newly emerging O&G producer, the GoG is committed to promoting sustainable developments, reducing carbon emissions, and supporting the energy transition, as stated in the Low Carbon Development Strategy (LCDS). Incentivizing a mix of natural gas and renewable energy to substitute oil derived fuels, such as diesel and fuel oil, is an approach to accelerate the transition to a lower carbon energy system.
Since the first oil discovery in 2015, Guyana has successfully increased the number of discoveries and recoverable resources...
Deadline for public consultation is 14 November 2023