US firm to assist on Guyana LNG project

GEORGETOWN, June 21, 2024 – US player Fulcrum LNG has been chosen by Guyana to help develop a natural gas processing facility, Reuters reported on Friday.

The company will aid in the planning, design, finance, construction and operation of the facility.

The selection was announced by Guyanese President Irfaan Ali following a process in which 17 proposals were submitted.

“We have identified a technical team to work with the stakeholders in coming up with the model and to negotiate a heads of agreement and look at the viability – technically and financially – of the project,” President Ali was quoted as saying.

Fulcrum LNG partners with governments and companies to develop infrastructure to produce and sell natural gas and LNG.

The firm will work alongside ExxonMobil, operator of the prolific Stabroek block, which aims to finish appraising natural gas finds in the area next year.

The Guyanese government has been pressing the company to develop a plan for monetising the gas resources, the report said.

In February, ExxonMobil Guyana manager Alistair Routledge said that the earliest the company foresees first gas at the asset is 2029 or 2030.

Both an FLNG facility and an onshore plant are under consideration for processing the gas, according to Routledge.

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