Situating Guyana’s coming production of oil & gas in the world’s energy market: The demand side

Guyana and the wider world(new1)Introduction

Today I begin to address the third and final sub-sector in this long-running series of columns on the extractive industries sector of Guyana. That is, the coming time of oil and natural gas production and export, which are about 5-7 years away. So far, I have considered 1) the mining sub-sector (December 27, 2015-February 20, 2016), and 2) the extractive forest sub-sector (March 6, 2016-August 28, 2016).

This task requires coverage of several issues, the first of which I introduce today. That issue is, to locate Guyana’s anticipated production of oil and natural gas in the global energy market. Regrettably, recent public discussions and reporting on this topic, both in Guyana and elsewhere, do not