{"id":15261,"date":"2024-01-06T23:27:42","date_gmt":"2024-01-06T23:27:42","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=15261"},"modified":"2024-01-06T23:27:43","modified_gmt":"2024-01-06T23:27:43","slug":"government-considers-second-energy-project-to-complement-gas-to-shore-initiative","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/government-considers-second-energy-project-to-complement-gas-to-shore-initiative\/","title":{"rendered":"Government Considers Second Energy Project to Complement Gas-to-Shore Initiative"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>Vice President Dr. Bharrat Jagdeo announced that the Guyanese government is exploring the possibility of developing an additional energy project alongside the gas-to-shore initiative. <\/p>\n\n\n\n<p>This move is driven by the anticipated surge in energy demand, particularly from the construction of factories and hotels, among other developments.<\/p>\n\n\n\n<p>As the government finalizes the gas strategy to ensure the timely implementation of the gas-to-shore project by the end of the year, Vice President Jagdeo highlighted the need for alternative plans to cater to the country&#8217;s future energy requirements. <\/p>\n\n\n\n<p>He emphasized that the government foresees a substantial increase in electricity usage, both domestically and commercially, once electricity prices are reduced by 50% by 2025.<\/p>\n\n\n\n<p>The gas-to-power project, a critical element in Guyana&#8217;s plan to enhance electricity reliability and reduce costs, consists of two phases. <\/p>\n\n\n\n<p>The first phase aims to transport a minimum of 50 million standard cubic feet of gas per day via an offshore-to-onshore pipeline by 2024, with a maximum capacity of 130 million cubic feet. The associated gas from phase one is expected to be utilized for power generation. <\/p>\n\n\n\n<p>The second phase will commence after the first, with gas production anticipated to supply energy until 2040.<\/p>\n\n\n\n<p>This strategic approach aligns with Guyana&#8217;s efforts to ensure that the benefits of natural resource exploitation, particularly in the energy sector, have widespread and lasting impacts on the nation&#8217;s development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vice President Dr. Bharrat Jagdeo announced that the Guyanese government is exploring the possibility of developing an additional energy project alongside the gas-to-shore initiative. This move is driven by the&hellip;<\/p>\n","protected":false},"author":4,"featured_media":15262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360,350],"tags":[],"class_list":["post-15261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=15261"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15261\/revisions"}],"predecessor-version":[{"id":15265,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15261\/revisions\/15265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/15262"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=15261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=15261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=15261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}