Ottawa, CANADA – The Canadian Commercial Corporation (CCC) and a Canadian consortium of firms has been shortlisted for the construction of the pipelines for the Gas-to-Shore Project, which is expected to see Guyana transition to a cheaper and more sustainable natural gas reserve.
According to Mark Berman, Canadian High Commissioner in Guyana, through CCC, Canada has been in discussions for several infrastructure initiatives including the Gas-to-Shore project, which will include the construction of approximately 220 kilometres of a subsea pipeline offshore from the Liza Destiny and Liza Unity Floating Production, Storage and Offloading (FPSO) vessels in the Stabroek Block to onshore.
“So that’s a process that’s in the works at the moment and there’s a Canadian consortium that has been shortlisted and we’re very optimistic about that. CCC would bring the Government guarantee to that project, if this consortium is identified as the winning bid,” High Commissioner Berman said.
In April, Guyana signed a Memorandum of Understanding (MoU) with CCC, with the aim of enhancing the commercial relationship between the two nations. In contracts signed between the Government of Guyana and CCC, we would act as the prime contractor for purchases from Canada.
“CCC is a very interesting government agency that allows for government to government contracts. That would mean if the CCC gets involved in a project, they are providing the Government of Canada guarantee and will act as the contractor. And if there are issues with the contract, the Government of Canada guarantees to see it through,” Berman said.
Canada and Guyana are also collaborating on several other initiatives. Canada is well-known for its hydropower infrastructure as it accounts for over 60 percent of all the electricity generated in Canada. Guyana has also engaged Canada on the possibility of visa-free travel to support increased business and tourism.
“There are more Canadian businessmen coming to Guyana, and Guyanese going back and forward. We look at tourism increasing,” Berman said.
Guyana is Canada’s third largest merchandise trading partners among the Caribbean Community. Canada and Canadian businesses are actively invested in Guyana’s mining industry and are also interested in Guyana’s oil and gas market. A Canada-Guyana Chamber of Commerce promotes trade and investment between the two nations.
For Canadian companies looking to invest or grow their exports to Guyana, or for governments within Guyana looking to tap into Canadian expertise, contact CCC to discuss how the Government of Canada can support you.
Quick facts
- An analysis of Guyana’s offshore discoveries finds that 20 percent of proven reserves are estimated to be associated gas and could be the third largest gas reserve in South America.
- Driven by the offshore Stabroek block, government revenue from oil production is on track to surpass $1 billion in 2022. Revenues could hit $7.5 billion in 2030 and $16 billion in 2036.
- Exxon affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45 percent interest in the Stabroek block.
About CCC
We are Canada’s government to government contracting agency. We help build successful commercial relationships between Canadian businesses and governments around the world through our government to government contracting approach. We are also the Government of Canada’s designated contracting authority for U.S. DoD requirements from Canada. To learn more about how we have facilitated billions in trade between Canadian businesses and governments in over 30 countries, visit www.ccc.ca/en/.
