Guyana may scale back LNG plans as Exxon needs more gas for its wells, sources say

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ExxonMobil informed the Government of Guyana that it will need to retain larger volumes of natural gas in order to maximize oil extraction than local authorities anticipated, reducing the supply available for liquefied natural gas (LNG) and export projects, according to two people close to the negotiations. In view of the alert, the authorities assess resizing the capacity of the planned LNG infrastructure downwards or completely abandoning exte…

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Guyana officials are now considering whether they should scale back a planned LNG project or abandon exports altogether.