-President of National Energy Corporation of Trinidad & Tobago says

TRINIDAD and Tobago is ready to support Guyana in its downstream gas activities, according to Dr. Vernon Paltoo, President of National Energy Corporation of Trinidad and Tobago.
He made those remarks on day two of the Guyana Energy Conference and Supply Chain expo during a panel discussion.

Also on the panel were: Winston Brassington, Consultant at Guyana’s Ministry of Natural Resources, Eric Eyberg, Head of Global Gas and Power Consulting, S&P Global and Bobby Gossai, Senior Petroleum Coordinator at Guyana’s Ministry of Natural Resources.
The panel was moderated by Dr. Priya Marajh, Director, Touchstone Exploration and Vice President at the Energy Chamber of Trinidad and Tobago.

Dr. Paltoo stated that Guyana is well prepared on the path to having a successful downstream industry.

He said: “Trinidad and Tobago stands ready to partner with Guyana in any way possible to support any growth of that downstream industry.”
He also agreed with the sentiments expressed by the other panellists that the combination of the appropriate partnerships will allow a country to flourish.

Dr. Paltoo said that there are vast opportunities for the region to collaborate.
“The more we do this together, the stronger we will be from a regional perspective,” he stated.

In addition to that, institutional capacity building is critical in ensuring the goal is met as quickly as possible, and beyond that, legislative framework is required.
Additionally, the panellists discussed the gas-to-energy project and its benefits.
“Clearly, with cheaper electricity, you will be able to do a lot more if you have a small business or a micro sized business, in terms of making your products better,” Gossai said.
Highlighting the individual advantages, he stated that the gas-to-energy project’s commencement and subsequent reduction in electricity costs will enable citizens to live more efficiently.
He then said: “It will transform the Guyanese economy. It will change the way in which we are doing business generally here, whether you are utilising the combination of different types of fuel, whether the energy mix within your business or your community changes from solar to fossil fuel to any type of energy.
“The gas-to-energy will bring down the general cost of energy. It will definitely allow you to see what type of byproducts you can get from energy in terms of industrialisation for our country.”
He further stated: “What we want is to develop every type of industry and every type of product that has potentially been imported in Guyana, as long as it makes economic sense to do that.”
This highly anticipated project will see a 200-kilometre pipeline bringing gas from the Liza Destiny and the Liza Unity Floating Production fields onshore. Upon arrival at this West Coast Demerara facility, the pipeline will continue for approximately 25 kilometres to the Natural Gas Liquid (NGL) plant to be constructed in Wales.

Once fully operational, the project is expected to significantly reduce Guyana’s reliance on imported fuels, lower energy costs, and contribute to national efforts aimed at reducing greenhouse gas emissions. The gas-to-energy project aligns with the government’s vision to diversify the country’s energy sector, paving the way for a more sustainable and prosperous energy future.

Moreover, Dr. Paltoo underscored that energy security and food security go hand in hand.
As global attention increasingly focuses on natural gas as a key transitional fuel, the potential applications of Guyana’s gas resources are wide-ranging, with possibilities including a floating liquefied natural gas (LNG) platform for export, the development of onshore industries like fertiliser production.