The additional claim filed against the government by gas-to-energy (GtE) contractors CH4-Lindsayca is around the US$50m amount of the first claim and will bring the total sum to nearly US$100m. This claim is also tied to soil stability and site accessibility works, Country Manager of the company Humberto Lopez said on Friday. “Right now we...

Kaieteur News– More than a dozen Guyanese and two organizations have requested the United States Export Import (US EXIM) Bank to share documents relating to the Gas-to-Energy (GTE) project it has provided a US$527M loan to support. In a statement to the media on Friday, the citizens, Elizabeth Deane-Hughes, Danuta Radzik, Alfred Bhulai, Vincent Adams,...

Kaieteur News– More than a dozen Guyanese and two organizations have requested the United States Export Import (US EXIM) Bank to share documents relating to the Gas-to-Energy (GTE) project it has provided a US$527M loan to support. In a statement to the media on Friday, the citizens, Elizabeth Deane-Hughes, Danuta Radzik, Alfred Bhulai, Vincent Adams,...

On December 26th the Board of Directors at the Export-Import Bank of the United States (EXIM) approved US$527m to the Ministry of Finance to support the government’s ambitious gas-to-energy project that aims to strengthen energy security and lower the cost of electricity to consumers. According to the EXIM release, the financing from the transaction will...

Kaieteur News- On May 1, 2031, Guyana will commence repaying the United States Export Import (US EXIM) Bank for a US$527 million loan the institution approved on December 26, 2024. Over the 15-year repayment period, Guyana will pay the bank a whopping US$316.2M in interest. This means the country will be paying the Bank a...

Kaieteur News – International award-winning lawyer, Melinda Janki, has warned the United States Export Import (US EXIM) Bank that approving Guyana’s application for a loan to support the Gas-to-Energy (GTE) Project exposes the financial institution to political, financial and litigation risks. In a submission to the Bank, dated December 6, 2024, Janki lobbied the Board...

By Stabroek News September 28, 2024 Dear Editor, We shall be soon piping into October 2024, where we are told by high government authorities that the Gas to Energy (GtE) loan application in at the US Exim Bank will land on the Board of Director’s (BoD) agenda, allegedly based on environmental and technical studies’ rectitude....

Kaieteur News – The highly touted US$2B Gas-to-Energy (GTE) project is intended to reduce monthly electricity bills by 50% but Vice President Bharrat Jagdeo is unable to say how soon consumers can expect this reduction. In the absence of a feasibility study for the project, stakeholders have been constantly questioning the project’s capacity to deliver...

Former finance minister Winston Jordan has said that with no agreement between the government and ExxonMobil made public or shared with the Parliament on how the pipeline for the more than US$2 billion gas-to-energy (GtE) project is being funded, it seems like the government has taken an illegal loan. “We have no agreement in public...

Even as construction continues on its model Gas-to-Energy (GtE) project, the Guyana Government is already forging ahead with Phase Two of that initiative which could see a second power plant and Natural Gas Liquids (NGL) facility at Wales, West Bank Demerara (WBD). Under Phase One of the Gas-to-Energy project, an Integrated Natural Gas Liquids facility...