Guyana needs careful study of economics, impact of gas to shore – -Chatham House fellow Marcel

While natural gas will significantly reduce emissions compared to current heavy fuels used here, Guyana needs to carefully study its future energy mix plan, taking into focus both the economics and environmental impacts, says Chatham House fellow Dr Valérie Marcel.

The project head of the New Petroleum Group, and whose experience includes advising governments on petroleum sector policy and governance, reasons that studies may show that the mix could vary from region to region, given its vast geographical makeup.

“In considering the option of bringing gas to shore, Guyana will need to study the economics carefully (will the gas be affordable to Guyanese utilities?), as well as any associated environmental impacts,” the Energy, Environment and Resources Programme fellow told the Sunday Stabroek. “And in doing so, it should compare those costs and benefits with those associated with renewables. It is really important to consider all the tradeoffs before deciding the right energy mix. The needs may also vary by region. While Georgetown is on a grid, the hinterland would benefit from renewables, which don’t require a grid,” she explained.