Guatemala to bet on natural gas

Guatemala is about to embark on a road that could end up giving it a new energy source, cheaper and "cleaner": natural gas.

Monday, April 21, 2008

Forty-five days from now it will call for bids to explore three areas in the Pacific Basin with a combined area of one million 406 thousand 674 hectares.
The Ministry of Energy and Mines is betting that natural gas and oil will be found in these areas.
The three projects - each involving an area of more than 400,000 hectares - will be undertaken jointly with El Salvador. They were announced last week in a joint statement by Guatemalan President Alvaro Colom and El Salvador's president, Antonio Saca.
Three other purely Guatemalan exploration projects are also on the drawing board - two in the northern province of Peten (Laguna Blanca and Cotzal) and one in Quiché (Piedras Blancas).

More on this topic

Natural Gas Field in Guatemala

September 2013

The company City Petén has discovered a reservoir of high quality condensate, rich in butane and propane, in an oil well in Ocultún, Petén.

"Everything indicated that Guatemala only had heavy oil with high sulfur content. However, this discovery of natural gas is changing the energy mix in the medium term, " said Luis Ayala, director of Hydrocarbons of the Ministry of Energy and Mines.

Central America as a Unified Market for Natural Gas

May 2013

The region is aiming to group together demand for natural gas in order to make the market more attractive to major companies.

According to René Castro, Minister of Environment and Energy (Minae), the visit of U.S. President Barack Obama, could open the door to greater cooperation from the Government in this area.

Lack of Definition Stalls Hydrocarbon Exploration in Guatemala

June 2010

The government has not yet decided if it extends the exploitation contract for the country’s largest oil field; this prevents granting additional exploration concessions.

The Mining Ministry, headed by Carlos Meany, has defined 12 areas suitable for exploration. Two of these presumably contain natural gas fields. To proceed, the Ministry is waiting for the approval of Alvaro Colom, president of Guatemala.

Guatemala offers exploration of hydrocarbons to Ecopetrol

August 2008

Guatemala offered the possibility to explore (and to extract) six areas in the country for hydrocarbons (three for gas and three for petroleum).

Officials from the National Competitiveness Program presented to Ecopetrol the potential for extracting hydrocarbons from these six areas.

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