Govt. seeks investors for Wales gas project

Apr 17, 2026 News

…amid delays, offers 10% return

(Kaieteur News) – Despite delays to the Gas-to-Energy (GTE) project, the Government of Guyana (GoG) is continuing preparations for its eventual startup to monetize the resources through the construction of a Gas Bottling Company and Fertilizer Plant at Wales, West Bank Demerara.

On Thursday, the Office of the Prime Minister invited investors, both local and foreign, to submit Expressions of Interest for the two projects.

According to the advertisement placed in Kaieteur News, the Guyana Ammonia and Urea Plant Inc. (GAUP) is estimated to cost US$300M. It said investors can provide up to US$5M, however interested parties can express the maximum amount they are interested in investing.

Moreover, government noted “Investors can assume a Government guarantee of 10% annual return.” The Prime Minister’s Office also made it clear that the Guyana Ammonia and Urea Plant Inc. will not be a publicly traded company but a private company.

Govt. invites private investors for Wales gas bottle company and fertilizer plant

Artist’s impression of the Wales GTE project.

Meanwhile, with regards to the Guyana Gas Bottling, and Logistics Company Inc. (GGBLC), GoG explained, “A cap of US$1 M per investor is targeted by the GOG; however, interested parties can express the maximum quantum they are interested in investing.”

Like GAUP, it noted that GGBLC will not be a publicly traded company. The Gas Bottling project is expected to cost US$40M. Investors can expect a government guarantee of 10% annual return.

For both projects, government promised to give preference to Guyanese, including those in the diaspora although all interested investors are invited to participate in the process.

According to the PM’s Office, interested investors are required to write an email, stating which component(s) they are interested in and include details such as: (i) Legal name of prospective Investor, including registered address and all contact details; (ii) Beneficial owner, including registered address and contact details if different from legal owner; (iii). Copy of identification indicating nationality and whether residing in Guyana or abroad; (iv) Desired terms/conditions for the investment and whether investment is specific to above projects or whether interest is general, subject to reasonable terms and conditions.

These conditions will also apply to a company or corporate entity that is interested in the projects.

Interested persons can submit proposals before May 15, 2026 to Chairman, National Procurement and Tender Administration Board (NPTAB), Main and Urquhart Streets, Georgetown.

According to the GoG, “All information provided is only indicative. Final terms and conditions may differ from above. This is only a preliminary Expression of Interest. Based on the response, Government will structure appropriate details of the investment and make a formal call for investments…GoG is not bound to accept any response to this EOI and reserves the right to select any Party (ies) for any specific element of the EOI and to annul the process at any time without further direction, without thereby incurring any liability to the affected interested parties.”

Last year, Vice President Bharrat Jagdeo hinted that Guyanese can be allowed in the future to invest in the country’s energy projects, following an announcement by the Surinamese government that nationals there would be allowed to invest in that country’s first oil project.

He stated, “If we build a fertilizer plant in Guyana, maybe we could have people take equity in the project or invest through bonds.”

In Suriname, the government were allowing citizens to invest as low as US$100 to earn returns on the upcoming oil project which will commence production activities in 2028.

The official launch of the bond issuance took place on January 31, 2025.

The Staatsolie Bond 2025-2033, which was available in both US dollars and Euros, took effect on 23 March 2025, and has an eight-year term. The interest rate is set at 7.75% for the US$ bond and 7.25% for the EUR bond.

Local investors had an opportunity to participate from as little as US$100 or EUR 100. Staatsolie said for larger investors residing in Suriname, Curaçao, or Sint Maarten, a denomination of US$ 30,000 was available.

Proceeds from the bond issue will be used by Staatsolie to co-fund its participation of up to 20% in the development of the GranMorgu offshore oil field in Block 58. The total investment for this project is estimated at US$ 12.2 billion, of which Staatsolie’s contribution is US$ 2.4 billion.

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fertilizer plant, Gas bottling company, gas-to-energy, GTE, private investors

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