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Gas to Energy Project Expected to Reduce Electricity Cost by 50% and Cooking Gas Cost by 70%

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21st of December, 2023. Guyana, South America. GSA News. Guyana News.

Last updated: December 21, 2023 at 16:21 pm

The Guyana Government is moving full board ahead with its much criticized and debated Gas to Energy Project which is expected to start delivering by the end of 2024. Upon completion, President Ali said, electricity costs for the Guyanese people will be slashed by 50% and cooking gas by 70%. This will in turn contribute to the reduction of cost of living in the world’s fastest growing oil economy.

In January, 2022, Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, disclosed that the government allocated $20.8 billion towards the transformational US$900 million gas-to-energy project.

Today, 21st of December, 2023, President Ali announced that development of the Gas-to-Energy (GTE) project is progressing rapidly. Currently, 26 km of onshore pipes are being laid underground and the Marine Offloading Facility (MOF) to discharge the modules for the power plant has been completed.

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