Guyana’s Gas-to-Energy Project gets prestigious award from US EXIM Bank

…project praised for sustainable socio-economic benefits

Senior Minister in the Office of the President with responsibility for Finance and the Public Service, Dr Ashni Singh, while representing President Dr Irfaan Ali at the Export-Import Bank of the United States 2025 Annual Conference on Wednesday, received the Bank’s Deal of the Year Award for Guyana’s Gas-to-Energy (GtE) Project on behalf of Guyana.

According to a Ministry of Finance press release, Dr Singh, speaking at the ceremony, said President Ali’s Government and the people of Guyana value and cherish the award for several reasons, including the fact that the project reflects one of the more complex engineering projects ever undertaken in the country’s history with: (i) a 250-kilometre high-pressure pipeline built by ExxonMobil starting a mile deep in the ocean; (ii) a 300-megawatt (MW) combined cycle power plant and NGL plant, under construction by Lindsayca/CH4 Systems; and (iii) for the first time, 230-kilovolt (KV) transmission lines (and new 69KV transmission lines), with substations, and a state-of-the-art Control Center to dispatch the power.
Dr Singh added that from the engineering and technical perspectives, the GtE Project would benefit tremendously from the involvement of capable and experienced US partners and technical counterparts who have vast experience in delivering world-class engineering and construction solutions.
Alluding to Guyana’s economic perspective, Dr Singh said this project was a truly transformative one that afforded Guyana the opportunity to double the country’s electricity-generating capacity.
“When completed, it will enable us to reduce electricity tariffs to all consumers by 50 per cent, bringing obvious benefits to households as well as to the productive sector especially those that are heavily dependent on electricity such as industrial and manufacturing activities, “the Minister underscored as he pointed out that the project would also “significantly reduce our carbon footprint per KWH, using natural gas as a transition fuel, allowing Guyana to switch from heavy fuel oils to natural gas”.
Dr Singh also noted that being the first project Guyana would be doing with the US EXIM Bank, the GtE Project stands as a fitting testimony to the enduring and growing strength of the relationship between the United States of America and Guyana.
“Historically, our two countries have shared a strong relationship rooted in our shared values, foremost amongst which are our commitment to democracy and the rule of law, and our recognition of the role of the Private Sector, and private investment and trade, in generating economic growth and prosperity for all,” he further emphasised.
He then expressed his deep appreciation for the recognition given to the extremely important project that Government is building.
The Minister further reiterated the importance of the project being completed in a timely manner so that all of the evident advantages that redound from it could be realised in the shortest possible time.
“I wish to signal also our intention to advance discussions with EXIM on a number of other transactions, including projects that are critical to port security and increased trade, as well as food security which continues to be a priority for Guyana, the Caribbean, and our entire hemisphere.,” the Senior Minister concluded.
In a release Wednesday, the US EXIM Bank said the GtE project plays a significant role in supporting US geo-economic and political objectives while advancing critical energy infrastructure in the Western Hemisphere. EXIM’s Acting President and Chairman Jim Cruse noted too that it was a strategically-important energy project that upholds the Bank’s priorities and charter mandates while supporting more than one thousand jobs across the country.
Representatives of the companies involved in the project also spoke at the event including Nelson Drake, Senior Vice President of Business Development for Lindsayca; Juan Bellosta, Chief Executive Officer (CEO) of CH4 Systems; and John Colling, Vice President of ExxonMobil Guyana.
According to a statement released by the LNDCH4 consortium, which is a joint venture between Lindsayca and CH4, the Deal of the Year Award from the US EXIM bank, which is funding the project, is in recognition of their work developing the large-scale, innovative and sustainable energy project that is on course to make a socio-economic impact.
“A first-of-its-kind in Guyana, the project integrates modular gas processing technologies for faster deployment, combined-cycle generation for high efficiency and reduced emissions, and infrastructure tailored to Guyana’s tropical environment,” the release from the consortium, through SocialRank Media, said.
“EXIM requires awardees to demonstrate and maintain the highest levels of quality, health, safety, and environment (QHSE), and corporate social responsibility (CSR), all of which LNDCH4 met or exceeded through top-quality, clean, socially- and environmentally-responsible operations.”
LNDCH4 was awarded the US$759 million contract in November 2022 to build the 300MW Combined Cycle Power Plant and a Natural Gas Liquids (NGL) facility at Wales, West Bank Demerara (WBD) – key components of the GtE Project.
Upon completion, the project is expected to substantially lower electricity generation costs, which have significant implications for the Guyanese economy, fostering more competitive production costs and stimulating broader economic growth.
ExxonMobil Guyana Limited (EMGL) has already finished constructing the gas pipeline, and the transmission lines and substations required for integration of the project are significantly advanced, with completion anticipated later this year.