Guyana's Pick of U.S. Startup Doubts

This is a Guyana news story, published by Yahoo Finance, that relates primarily to Alistair Routledge news.

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Exxon Mobil

Reuters

•

Guyana's pick of new US startup faces hurdles to tap vast gas reserves

Summary

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78% Informative

Guyana has been pressing Exxon Mobil to come up with a plan to convert its gas reserves into valuable exports.

Fulcrum LNG faces financing hurdles that could derail its selection.

The South American nation may end up relying on a consortium led by Exxon Mobil , which controls all the production in the new energy hotspot.

Guyana 's president said an agreement, that may or may include Exxon , was expected next year .

Exxon 's Guyana country manager Alistair Routledge told Reuters the company would make a decision on tapping newer discoveries containing mostly gas by mid-2025 .

Guyana 's take from royalties and fees was $1.6 billion , compared with $6.33 billion in profit that went to the consortium.

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