India offers support for Guyana’s gas to shore project
-Pursuing agreement to purchase oil
India is interested in offering its expertise to Guyana’s gas to shore project which is expected to come on stream in 2023, according to High Commissioner to Guyana Dr. K. J. Srinivasa.
In an interview with the News Room on Wednesday, the Indian High Commissioner said: “once the natural gas comes onshore…we have good expertise in that of turning natural gas into electricity.”
Vice President, Bharrat Jagdeo recently said the Guyana government has already started working on the gas to shore project, which will be able to supply 200-250 megawatts of energy to the national grid. Jagdeo disclosed that there is also an aim to supply the entire country with cooking gas.
The High Commissioner also reiterated his Government’s interest in bidding for oil blocks in Guyana and purchasing oil through as Government.
“We’re interested in taking oil from the Government on its share…we’re already trying to see if we can talk to the Government of Guyana authorities, do a Government to Government agreement…we are willing to pay the market price…” Dr. Srinivasa said.
India currently purchases oil from Iraq, Saudi Arabia and Russia; they previously bought oil from Venezuela but had to stop as a result of US sanctions.
As such, the Diplomat said that the logistics are already in place for the deal to move forward with Guyana.