Centro de Documentación OLADE -

Natural gas overview. Guyana's power sector today. Gas to power. Proposed gas to power projects. Case study: Ghana. Policy recommendations. Conclusion.

In May 2015, the fortunes of the small Caribbean nation of Guyana were forever changed when ExxonMobil and its partner Hess Corporation discovered oil 120 miles off the coast in the Stabroek block. Hess estimates that the discoveries amount to 9 billion barrels of recoverable crude oil. Production and shipment of petroleum from Guyana began in February 2020. Oil exports were accompanied by predictions that the wealth of the country would skyrocket along with its development. The oil Discovery shocked Guyana, a developing and largely agricultural nation of roughly 800,000 people. The oil discovery continues to reverberate and was at the forefront of the country’s recent election and change in government. At current estimates, the country will eventually produce almost a barrel of oil per citizen every day.