Guyana positioning itself to strengthen energy security with major fuel storage investment

President Dr Mohamed Irfaan Ali says Guyana is actively exploring major investments in fuel storage infrastructure as part of a broader strategy to strengthen national and regional energy security. During a press conference held earlier Friday, the head-of-state said global developments have reinforced the importance of securing both fuel storage capacity and reliable energy supply chains.

“We will have to invest in the energy security of Guyana and work with the regional partners in terms of what is needed for the region itself,” President Ali stated.

The president explained that the government is examining opportunities to develop a refinery and large-scale storage facilities that would not only secure Guyana’s fuel needs but also support energy stability across the Caribbean region.

According to President Ali, Guyana already possesses crude security and now has an opportunity to build the supporting infrastructure needed to guarantee long-term supply security. He noted that several investors have already expressed interest in the initiative, with discussions currently ongoing.

“We know we have security of crude, security of supply, and to build out the infrastructure around that. Of course, that will necessitate a large storage facility,” the president said.

Ali added that while he would not disclose details of the ongoing negotiations, the government sees energy security as a critical component of Guyana’s long-term development agenda.