Guyana in ‘transformative’ mode as oil and gas dominates political space

The Liza Destiny FPSO is producing oil offshore Guyana at the ExxonMobil operated Stabroek Block

Not long ago, any verifiable information from reliable sources that the Guyana economy had been registering anything above the level of its customary year-by-year underwhelming performance would have been sufficient cause for robust media-driven official celebrations. This, over the past year or so, has changed dramatically. The advent of the oil & gas industry and the expert assessment of the likely transformation that this will have on the country’s economy has significantly reduced the national hype and hoopla that customarily attends anything congratulatory that is said about the Guyana economy.