Guyana weighs domestic gas use over LNG exports as oil output tops 1M bpd

Guyana, having scaled crude output past 1 million bpd within a decade of first production, is reconsidering plans to export natural gas as LNG, leaning toward reserving gas for domestic power and industrial use. The shift reflects a policy pivot from export-led monetization to local value capture, though final project decisions remain pending. This matters as it could reduce future LNG supply from a key new producer and signal a broader trend of resource nationalism in emerging oil economies.