{"id":14979,"date":"2024-01-04T14:07:14","date_gmt":"2024-01-04T14:07:14","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=14979"},"modified":"2024-01-04T14:07:15","modified_gmt":"2024-01-04T14:07:15","slug":"gas-to-energy-project-progresses-with-confidence-in-us-exim-bank-funding","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/gas-to-energy-project-progresses-with-confidence-in-us-exim-bank-funding\/","title":{"rendered":"Gas-to-Energy Project Progresses with Confidence in US EXIM Bank Funding"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>The Gas-to-Energy project at Wales, West Bank Demerara, is advancing, and Dr. Bharrat Jagdeo, General Secretary of the People\u2019s Progressive Party (PPP\/C), expresses confidence in securing funding from the United States Ex-Im Bank. <\/p>\n\n\n\n<p>During a recent press conference at Freedom House, Dr. Jagdeo assured Guyanese that the Gas-to-Energy project is making significant strides. <\/p>\n\n\n\n<p>The project, estimated to cost $760 million USD, has already secured $100 million USD from the national treasury. <\/p>\n\n\n\n<p>Dr. Jagdeo is optimistic about obtaining the remaining $660 million from the US EXIM Bank.<\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2024\/01\/Josiah-Jagdeo-GTE-1.mp3\"><\/audio><\/figure>\n\n\n\n<p>Addressing a claim made in a &#8216;Peeping Tom&#8217; article stating that the government is seeking $2 billion from the US EXIM Bank, Dr. Jagdeo clarified that a $2 billion line of credit was offered by the President of the US EXIM Bank. <\/p>\n\n\n\n<p>He emphasized that all branches of the US government, including the State Department, Department of Commerce, EXIM Bank, Treasury, and Congress, are supporting the loan for the Gas-to-Energy project.<\/p>\n\n\n\n<p>The Gas-to-Energy project involves an integrated facility and a power plant constructed by CH4-Lindsayca, along with a pipeline built by ExxonMobil and other subcontractors, transporting gas from the Liza field. <\/p>\n\n\n\n<p>Gas is anticipated to flow from the plant in 2025, with the project aiming to reduce the cost of electricity by 50 percent.<\/p>\n\n\n\n<p><strong><em>Reporting for NCN News, Josiah Williams.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gas-to-Energy project at Wales, West Bank Demerara, is advancing, and Dr. Bharrat Jagdeo, General Secretary of the People\u2019s Progressive Party (PPP\/C), expresses confidence in securing funding from the United&hellip;<\/p>\n","protected":false},"author":4,"featured_media":14981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360,350],"tags":[],"class_list":["post-14979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/14979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=14979"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/14979\/revisions"}],"predecessor-version":[{"id":14982,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/14979\/revisions\/14982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/14981"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=14979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=14979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=14979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}