Oil-Rich Guyana Wants to Build a 135-Mile Undersea Gas Pipeline [Financial Post (Toronto, Ontario, Canada)]
Exxon Mobil Corporation (XOM)
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Source: Financial Post
newest petrostate increasingly sees gas as the bedrock for growing its domestic economy. Work will begin on constructing a major gas-fired power plant in 2022 on the expectation that a 220-kilometer (135-mile) pipeline will be built, according to Peter Ramsaroop, chief executive officer of GoInvest, a Guyana government agency that encourages foreign direct investment. Financing the project is still being worked out, he said. Wish you could join a 'Squid Game'? Here's a safer plan to escape debt Advertisement Advertisement Article content “The start date of laying the pipe is now being finalized, but the decision has already been made,” Ramsaroop said in an interview. “Guyana must have the gas and hydropower to be able to bring a competitive economy to the point where we can depend on our own energy to deliver our goods and services.” Guyana's new energy wealth has already made it one of the world's fastest-growing economies, with the International Monetary Fund forecasti
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