Guyana to Host Caribbean Energy Week in July 2027
Guyana will host the second annual Caribbean Energy Week in July 2027, bringing together regional energy leaders to discuss oil, gas, and investment opportunities. The post Guyana to Host Caribbean Energy Week in July 2027 appeared first on The Rio Times .
Caribbean Energy Week 2027 is scheduled to convene in Georgetown, Guyana from July 13 to 15, according to Energy Capital & Power. The conference, to be held for the second time, aims to strengthen regional energy integration and mobilize investment across the energy value chain. President Irfaan Ali and Natural Resources Minister Vickram Bharrat have endorsed the event.
Liquified natural gas (LNG) will be a focus of the conference, with Guyana's oil production from the Stabroek Block surpassing 900,000 barrels per day thanks to four operating vessels. ExxonMobil holds a 45% stake in the block, with Hess (now Chevron) and CNOOC each owning 25%. Guyana's state share of production is set to increase to nearly 40%, which will boost its sovereign wealth fund, the Natural Resource Fund (NRF). The NRF balance stood at US$4.1 billion by April 2026.
However, Guyana faces challenges in infrastructure and energy supply. The Gas-to-Energy project at Wales, set to add 300 MW, has faced multiple delays and is now expected to be fully operational by June 2027, just weeks before the conference. Guyana Power and Light Inc (GPL) currently has 256 MW of reliable generation capacity, rising to 280 MW by the end of August. The utility is under pressure to ensure a reliable power supply.
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