Plans to Industrialize Natural Gas

The possibility that Guatemala has the necessary amount of natural gas for power generation attracts interest from various sectors.

Monday, October 14, 2013

A few weeks ago City Petén discovered a gas condensate reservoir from which, once refined, superior and regular gasoline and diesel and gas could be obtained. At the moment 250 barrels per day of natural gas are extracted and although this is not enough for industrialization, it could be a sign that there is more in the areas that are to be explored, explained Jose Paez company representative.

City Petén has begun studying the possibility of installing a 50 MW plant which would work using this gas and would be located in the same exploitation fields. The director of Hydrocarbons of the Ministry of Energy and Mines (MEM) , Luis Ayala, said this would be possible only if current production increases. " Installing a refining plant wont be decided until in 2014 , at the end of the feasibility study ," he added .

For his part , the consultant Jorge Garcia said that although the amount of natural gas that is produced is too small to think about a pipeline, a plant could be installed for power generation in the very same oil field.



More on this topic

Confirming Natural Gas in Guatemala Requires Another Well

February 2014

With an investment of $15 million in a second well, the reservoir volume and economic viability of its operation can be confirmed.

The company City Petén has invested $15 million in order to begin drilling a second well in the field at Ocultún in Petén. The Panamanian company plans to confirm the finding of a large reservoir of natural top quality gas and its production potential.

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.

Oil Contract Approved in Guatemala

August 2013

The government has awarded the company City Petén a contract for exploration and exploitation of oil in the Yalcanix area in the department of Petén.

Jose Paez, legal representative of City Peten, said they plan to start environmental impact studies and in the next three years will be investing $30 million during the exploration stage.

Guatemala: Natural Gas Power Plant

August 2012

A tender is being prepared for the installation of a 200 MW power plant to generate electricity from natural gas, with an anticipated investment of $380 million.

The tender is scheduled to be released in October. The start of operations could be in 2015.

In an announcement from the Deputy Minister of Energy and Mines, Edwin Rhodes, it was reported that two companies are already interested in the project and that it will " be an opportunity for greater diversification of the power matrix and could enable prices to be reduced in the medium term. "

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