ExxonMobil will be selling the 50 million cubic feet of gas per day it brings onshore to either the government or the private sector company that will distribute the power at the Wales gas-to-shore plant, only to recover its capital for the pipeline infrastructure, Country Manager Alistair Routledge yesterday said.
“We will be selling the full 50 million cubic feet a day to the government or a government entity that is being established, in order to receive the gas and put it through the power station,” Routledge told a press conference hosted by his company at its Duke Street, Georgetown office.
An agreement was signed last July with government for the project, he revealed, saying that while the pipeline infrastructure has been estimated to be around US$1 billion, his company awaits a shared review with government before making a Final Investment Decision (FID).
