Global energy strategist and Vice President of United States utility company Eversource Energy, Roger Kranenburg has advised Guyana against investing in refining oil and gas for resale but strongly supports the proposed Wales gas to energy plant saying that it would bring reliable and cheap power.
“My personal view is economically it doesn’t make a lot of sense for Guyana to invest in refining, these are global markets and you pick what you’re playing in that market. Oil goes to the global market and the current volumes of gas and where it’s located, that’s tough to put on the global market. It may change in the future, but right now that gas is essentially a low-value commodity at best, so [instead] bring that to shore, Kranenburg last week told a forum, on the topic – Transforming Guyana, Episode VI: Guyana’s Role in a world that still needs Oil.
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