Guyana will face economic detriment if election impasse continues to delay projects – Rystad Energy VP - Panorama Insurance Brokers

Guyana will face economic detriment if election impasse continues to delay projects – Rystad Energy VP

Norway-based independent energy research company Rystad Energy says the prolonged political impasse in Guyana continues to be a risk to the country’s emerging oil and gas industry and the absence of a fully functional government to approve projects and move forward with key initiatives such as auctioning new blocks could have long-term negative consequences.

“There is economic detriment to not be able to sanction projects and results in loss of revenue for the operator, but also for the host Government,” Schreiner Parker, Rystad Energy’s Vice President for Latin America and the Caribbean, told OilNOW during an interview on June 24.

Read more at OilNOW.gy