From 'Baker Briefing': President of Guyana Mohamed Irfaan Ali Explains the Nation’s Energy Boom

Guyana, on the northern coast of South America, has become one of the fastest-growing energy producers in the world. Since oil production began in 2019, the country has quickly emerged as a major force in global energy markets, at a time when geopolitical tensions and market volatility are reshaping the global energy landscape. During a visit to Rice University’s Baker Institute for Public Policy on May 4, 2026, His Excellency Mohamed Irfaan Ali shared his perspective on Guyana’s rise as a global energy player. Speaking before a live audience, Ali outlined his administration’s strategy for balancing rapid energy development with economic diversification while navigating an increasingly uncertain global environment and rising expectations around sustainability. This is the first of two episodes featuring remarks from that event. In this episode, Ali delivers prepared remarks outlining his broader vision for Guyana’s future — from energy and infrastructure to human capital and environmental stewardship. The second episode features an armchair discussion with Baker Institute Fellow Francisco J. Monaldi on the practical challenges of implementing that vision. This conversation was recorded in front of a live audience on May 4, 2026. Learn about future live recordings of the “Baker Briefing” podcast by subscribing to our “Events Digest” newsletter at https://www.bakerinstitute.org/newsletter.   Listen and subscribe to “Baker Briefing” on Apple, Spotify, or your preferred podcast platform.   You can follow @BakerInstitute on X, Instagram, LinkedIn, and YouTube. Learn more about our data-driven, nonpartisan policy research and analysis at bakerinstitute.org.