GEORGETOWN, Guyana – The Guyana government has dismissed as erroneous, media reports that it had secretly paid US$80 million to a contractor after it had lost a matter in arbitration involving the multi-billion-dollar gas to energy project.
“There are no secret payments made to the Contractor. All payments are made via the Consolidated Fund and reported to Parliament,” according to a statement issued by the Office of the Prime Minister.
“For the record, the Parties have not advanced the arbitration process and as such there is no arbitration ruling. Arbitration continues to be an option available to the Parties. It is therefore incorrect to suggest that the Guyana of Guyana has lost the arbitration,” the statement added.
It recalled that in January 2025, the Dispute Avoidance/Adjudication Board (DAAB) made decisions which both parties were dissatisfied with and in Larch last year, both parties signaled their intent to go to arbitration and notified the members of the DAAB.
“It has been publicly stated that DAAB decisions are confidential. As such, neither party can speak to its contents,” the statement added.
It said that in mid-2025, the contractor consortium changed and the Houston based company Lindsayca, acquired the shareholding held by CH4 Systems LLC, to thepoint that Lindsayca now controls 100 per cent of the project company, renamed Lindsayca Guyana Inc.
“From late 2025, Lindsayca has advanced construction and successfully delivered much of the major equipment to the site, accessing the site successfully via the Material Offloading Facility (MOF) and Heavy Haul Road (HHR).
“At the current time, over 8,000 piles have been installed and over 18,000 cubic meters of foundations poured. 800 persons are currently engaged at the Wales job site. Work on many aspects of the construction is proceeding on a 24-hour basis. The contractor has successfully commissioned on-site accommodations for over 400 workers,” the statement added.
The government said that the job site is “quite active” and that all four gas turbines have been placed on foundation.
“All transformers for the substation have been placed on foundation. Pipe racks to move the gas to the NGL facility and power plant are being placed on foundation. NGL bullet tanks have started arriving at the site,” the statement added.
The Guyana Gas-to-Energy (GTE) project is a US$1.9 billion infrastructure initiative designed to transport natural gas from the offshore Stabroek Block via a 120-mile pipeline to a 300-megawatt (MW) power plant in Wales, West Bank Demerara. It is scheduled to be operational in late 2026, with the government saying the project aims to cut electricity costs by 50 percent.
