Government here does not believe that the United States will pause overseas funding on Liquefied Natural Gas (LNG) projects as it recently did internally, but nonetheless has alternative plans for financing if the US EXIM Bank funding isn’t approv-ed, Vice President Bharrat Jagdeo yesterday said.
In the face of a delay to the US$660 million loan application to finance the Wales gas-to-energy project, coupled with the US’ recent pausing on new approvals of LNG exports which activists hope would extend globally, Jagdeo said that Guyana had no plans for immediate exports as the current project was domestic based. It is why he believes strongly that the loan here would be approved also.
