Guyana is moving closer to finalising arrangements for projects involving gas bottling and fertiliser production, with President Dr Irfaan Ali promising further details in the coming days and indicating that Guyanese participation will be part of the plans.
Ali gave the update during a press conference on Friday, saying the arrangements were now being finalised.
“Very soon. You will have great news. I think we are finalising now arrangements, and that is one of the projects that one Guyanese will be involved in,” the President said.
Asked whether an announcement would be made before the end of the year, Ali said the update would come in the coming days.
The proposed projects could have implications for Guyana's efforts to expand the use of natural gas beyond electricity generation and develop more domestic industries around its growing energy sector.
Fertiliser production, in particular, could be significant for agriculture, where the cost and availability of key inputs affect farmers' production expenses and the price of food.
However, Ali did not disclose the companies involved, the proposed location, the investment value, production capacity or the expected start-up date. He also did not explain what form Guyanese participation would take or how much of the products would be available to the domestic market.
Those details will be important in determining what the projects could mean for consumers, farmers and local businesses.
The President's comments come as Guyana pursues a wider strategy to use its natural gas resources to support industrial development, reduce production costs and diversify the economy beyond crude oil exports.
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