Guyanese can expect to see a significant drop in the price of cooking gas with the People’s Progressive Party/Civic (PPP/C) working on bringing down the cost as low as $1000 per cylinder.
This is among the menu of measures outlined by President Dr Irfaan Ali in a Facebook live on Sunday afternoon. He said the PPP/C has a clear strategy aimed at eliminating poverty and tackling the high cost of living for all Guyanese over the next five years.
Ali is returning on the PPP/C’s ticket for the upcoming September 1 General and Region Elections, seeking a re-election into office. He explained on Sunday that citizens will see massive benefits from his administration’s model Gas-to-Energy (GtE) Project, which is slated to be operationalised mid-next year.
“With the gas project coming on-stream, cooking gas is going to come down substantially. We are targeting a cylinder of cooking gas at $1,000… Now, that’s another essential item that will reduce poverty, that will save for the household,” he posited.
Currently, the retail price for a 20 lb cylinder of cooking gas ranges between $4,500 and $5,600. Located at Wales on the West Bank of Demerara (WBD), the highly-anticipated (GtE) initiative will see the construction of a 300-megawatt (MW) power plant and a Natural Gas Liquids (NGL) facility – both utilising the rich natural gas that will be piped onshore from the ExxonMobil-operated Liza Field in the offshore Stabroek Block. The PPP/C Government anticipates that the gas production will initially reach 50 million cubic feet per day, delivering at least 5,000 barrels of NGLs per day. The liquids will then be separated via the gas processing plant, for sale as cooking gas locally as well as to supply dry gas to the power plant.
A second phase of the project would see another 75 million cubic feet of gas per day being produced for a second power plant and export use.
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