Introduction
Today’s column starts my review of the Government of Guyana’s, GoG’s, natural gas to shore proposal, as prioritized in the 2021 National Budget. This proposal is, in my view, the most advanced I identify in the Budget, when judged from a strategic perspective. Undoubtedly, it is central to fulfilling local content requirements from Guyana’s oil and gas sector. Indeed, the Budget proclaims the proposal is designed to secure “positive spillovers” from the emerging sector to the remainder of the economy. Further, the Budget’s stated perspective is that “the single biggest impediment to accelerated …development is the absence of adequate, affordable, and reliable energy”.
The Budget offers a brief summary of the proposed project. This has been supplemented since by the Authorities with additional and updated public releases and statements. In the next section I summarize the key Budget data.
