While the Guyana government forges ahead with plans to bring the US$900M gas-to-shore project on stream by 2024, there have been some expressed concerns about the implications such initiatives may have in delaying the country’s full transition to renewables. But according to an energy advisor who has been providing services in the country in recent years since the world-class Liza discovery, projects such as the gas-to-shore pipeline would ultimately accelerate the nation’s clean energy transition.
During an interview with OilNOW, Trinidadian Energy Strategist, Anthony Paul, pointed out that gas will impact Guyana’s pace of transition more than oil. He stated however, that oil can accelerate it, as it will provide the money needed to import the solar and wind farm equipment that are crucial to making renewables a success. The local content consultant added that gas can provide both revenue and power by replacing existing fuel oil used in electricity generation. He said too that oil and gas can also support the investment needed for human and technical capacity to engage in domestic research and development for biofuels and other indigenous sources of renewable energy technology. But whichever way one seeks to look at it, Paul posited that the high quality Stabroek block resources hold the key to Guyana’s dream of an economy led by renewables.