The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo Purchase Licensing Rights
A pipeline that would allow Guyana to bring natural gas produced by an Exxon Mobil-led (XOM.N),
consortium to shore has been connected to two of the project's floating production platforms, Exxon's head for Guyana was reported as saying on Wednesday.
The "Gas-to-Energy" project by Guyana's government aims to feed a 300-megawatts power plant and a natural gas liquids (NGL) facility with gas produced at two Floating Production Storage and Offloading (FPSO) facilities that are part of Exxon's Stabroek block.
The 200-kilometer (124.3-mile) pipeline could be in service by year end, Exxon Guyana chief Alistair Routledge told local reporters, according to Newsroom Guyana.
The project, expected to help lower electricity costs and reduce emissions once completed next year, will be the first to take advantage of associated gas produced in the country.
Guyana has so far invested some $400 million in the development.
The Exxon consortium, also integrated by China's CNOOC (0883.HK),and U.S. Hess (HES.N),
temporarily halted crude and gas output at the platforms in the third quarter to allow the pipeline connection.
"Risers have now been successfully connected to the pipeline, and we have been conducting several tests and de-watering exercises to ensure everything is functioning correctly," Routledge said.
