Guyana leverages natural gas surplus for economic development

“Based on pure interest by investors, we are already seeing the second phase of gas coming in, and we will already have to support a second power plant,” the President said while attending the government-backed Guyana Energy Conference.

Dr Ali stated that with Guyana's consumption of propane and butane standing at approximately 800 barrels per day, there would be an excess of 3,200 barrels of these natural gases available for export, thus stimulating the transport and logistics sector.

Continuing his efforts to attract investors, the President emphasised including bauxite industry development in the comprehensive gas "master plan." Dr Ali highlighted the potential for Guyana to capitalise on bauxite resources, especially with the advantage of lower energy costs and the accessibility provided by the Corentyne Bridge linking to Suriname. He emphasised the potential for Guyana to process bauxite into alumina, the principal raw material for aluminium production. Additionally, constructing the Linden-Lethem Road would facilitate access to a gas market in northern Brazil.