financetom
Business
financetom
/
Business
/
Guyana calls companies to pre-qualify for NGL facility
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Guyana calls companies to pre-qualify for NGL facility
Jun 30, 2025 9:39 AM

By Kemol King

GEORGETOWN, June 30 (Reuters) - Guyana is looking for a

company willing to build a natural gas liquids (NGL) facility as

part of efforts to monetize its offshore gas reserves, according

to a notice published by the South American government on

Sunday.

The storage and offloading facility would receive about

4,200 barrels per day (bpd) of liquids from a separation plant

that is currently under construction. Once operational, that

plant will strip the liquids from natural gas piped to shore

from offshore fields operated by a consortium led by Exxon Mobil ( XOM )

.

The new NGL facility project will include a pipeline and be

scalable to receive another 5,900 bpd of liquids in a second

phase, according to the notice. The government wants experienced

firms to submit pre-qualification proposals so they can later

bid in a proposed tender, it said.

Guyana plans to first commercialize the natural gas the

Exxon consortium is producing through the flagship Gas-to-Energy

project. The U.S. oil major finished the construction of a

$1-billion pipeline to shore last year and is now waiting for

the completion of onshore infrastructure being built by a

separate group to put the line in service.

When it receives the gas, the government will separate the

natural gas liquids for sale and use the dry gas to generate

power for domestic use.

Originally set for completion last year, delays involving

the contractors involved in the Gas-to-Energy project have set

back the date for seeing the first gas transported by Exxon. An

initial flow of 50 million cubic feet per day is now expected by

mid-2026, Guyana's Prime Minister Mark Phillips said in May.

The Exxon-led consortium controls all oil and gas production

in Guyana, but only crude is currently being exported.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BitFuFu Signs Letter of Intent to Buy Majority Stake in Oklahoma Bitcoin Mining Facility
BitFuFu Signs Letter of Intent to Buy Majority Stake in Oklahoma Bitcoin Mining Facility
Jan 16, 2025
11:16 AM EST, 01/16/2025 (MT Newswires) -- BitFuFu ( FUFU ) said Thursday it has signed a letter of intent to buy a majority stake in a 51-megawatt bitcoin mining facility in Oklahoma. This acquisition would represent a pivotal step in advancing our North American expansion strategy and 1GW global power capacity build-up plan, said Chief Executive Officer Leo Lu....
Market Chatter: Google Refuses to Add Fact Checks to Search Results, YouTube Videos Despite New EU Law
Market Chatter: Google Refuses to Add Fact Checks to Search Results, YouTube Videos Despite New EU Law
Jan 16, 2025
11:17 AM EST, 01/16/2025 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google ( GOOG ) unit has informed the European Commission that it will not add fact checks to its search results or YouTube ( GOOG ) videos, despite a new law that requires such measures, Axios reported Thursday, citing a letter by Google ( GOOG ). In a letter by...
RTX Lands $529M Contract To Bolster Dutch Missile Defense: Details
RTX Lands $529M Contract To Bolster Dutch Missile Defense: Details
Jan 16, 2025
RTX Corporation ( RTX ) shares are largely flat on Thursday, following the announcement of a $529 million contract to supply the Netherlands with a Patriot air and missile defense system. The contract will provide the country with a complete fire unit, including radar, launchers, command and control stations, and other support equipment. This order comes as part of the...
Bank of America Beats Fourth-Quarter Views as Investment Banking Fees Surge 44%
Bank of America Beats Fourth-Quarter Views as Investment Banking Fees Surge 44%
Jan 16, 2025
11:19 AM EST, 01/16/2025 (MT Newswires) -- Bank of America ( BAC ) reported stronger-than-expected growth in fourth-quarter results as investment banking fees jumped and loans picked up, while the lender said that net interest income will accelerate in the second half of 2025 from the first half. Per-share earnings advanced to $0.82 for the three months ended Dec. 31...
Copyright 2023-2026 - www.financetom.com All Rights Reserved