S'abonner

CH4 receives EXIM award for 300 MW gas-to-power project in Guyana

The natural gas-to-electricity project led by CH4 Systems with several partners has been recognised by the Export-Import Bank of the United States for its energy and economic impact in Guyana.

Share:

CH4 Systems announced it had received the “Deal of the Year” award from the Export-Import Bank of the United States (EXIM) for its gas-to-power project located in Wales, Guyana. Developed in partnership with Lindsayca, Exxon Mobil and Enerflex, the project aims to generate 300 megawatts of electricity from natural gas.

This initiative is the first of its kind in the country and is expected to significantly reduce Guyana’s dependence on imported fuels. The electricity produced will be distributed to underserved areas, with the aim of cutting energy costs by up to 50% for households and businesses, according to information released by CH4 Systems on April 30.

Modular technology and combined-cycle efficiency

The project is based on modular gas processing technologies, allowing for faster deployment. It also integrates combined-cycle generation to increase energy efficiency and reduce emissions. CH4 Systems stated that the infrastructure was designed to accommodate Guyana’s tropical climate.

According to EXIM, award recipients must meet the highest standards in quality, health, safety, environment (QHSE), and corporate social responsibility (CSR). The project met or exceeded these standards, as stated in CH4’s press release.

Exporting American expertise abroad

Based in Guaynabo, Puerto Rico, CH4 Systems develops energy projects in emerging markets. The company’s involvement in the project covered engineering, financing, procurement, construction oversight and stakeholder engagement. The EXIM award also highlights the export of American services and technologies through this operation.

In an official statement, CH4 Systems Chief Executive Officer Juan Bellosta welcomed the recognition of the company’s work, highlighting the project’s contribution to Guyana’s energy development. The company did not disclose the total investment value or financial arrangements.

  • Populaires ​
Eskom plans 32GW of renewable energy in South Africa by 2040
Georgia Power receives approval for 8,500 MW energy growth plan by 2030
Kem One and EDF sign agreement for 10-year electricity supply contract
The Bureau of Land Management streamlines regulation to speed up American geothermal sector
Solar becomes the leading source of electricity in Pakistan
SEWA completes 89 km natural gas network in Al Hamriyah for $3.81mn
The Sharjah Electricity, Water and Gas Authority has completed a natural gas network in Al Hamriyah, spanning over 89 kilometres at a total cost of $3.81mn.
Europe restricts diesel made from Russian crude, prices surge
The European ban on fuels refined from Russian crude is reshaping import flows, adding pressure to already low inventories and triggering an immediate diesel price rally.
Asia-Pacific LNG physical market jumps 86% year over year despite geopolitical tensions
LNG trading volumes in the Asia-Pacific region reached 1.24 million tonnes, driven by summer demand and rising participation, despite a 21% monthly decline linked to geopolitical uncertainty.
Subsea7 secures EPCI contract for Equinor’s Fram Sør gas development
Subsea 7 S.A. has announced a major contract signed with Equinor for the engineering and installation of subsea infrastructure at the Fram Sør gas field, located in the North Sea off the coast of Norway.
Congo accelerates LNG exports with Eni and targets major energy growth
The Republic of Congo and Eni confirm the expansion of the Congo LNG project and multiply industrial initiatives to strengthen energy supply and strategic sectors.
Eni signs twenty-year agreement with Venture Global for 2 mn tonnes of LNG per year
Italian group Eni signs a twenty-year liquefied natural gas supply contract with US-based Venture Global, covering two mn tonnes per year and marking a first for the company from the United States.
Angola Opens a New Gas Chapter with the Discovery of the Gajajeira Field
The discovery of the Gajajeira field marks a major step for Angola, strengthening its natural gas development strategy and diversifying national energy resources in a context of sector transition.
A US-sanctioned LNG vessel docks at Russia’s Arctic LNG 2 terminal
The Voskhod vessel, under US sanctions, docked at the Arctic LNG 2 plant in Russia, marking the second visit by a sanctioned ship to the site this year, according to maritime tracking data.
Japan urgently secures LNG cargoes amid critically low reserves
Japan has urgently secured several additional cargoes of liquefied natural gas from the United States to avert an imminent electricity supply shortage caused by rapidly declining national reserves expected at the end of July.
The EU proposal to ban Russian gas fuels uncertainty for the European market
The European Commission has unveiled a proposal to prohibit the import of Russian gas into the Union, sparking intense debate on its feasibility, contractual impact and consequences for supply security among several Member States.
CNOOC Limited achieves major breakthrough in offshore exploration in the Beibu Gulf
CNOOC Limited announces the discovery of a significant oil and gas reservoir in the buried hills of the Beibu Gulf, opening new opportunities for shallow water exploration off the coast of China.
TotalEnergies in Mozambique: $4.7 bn US loan challenged in court by NGO
TotalEnergies’ Mozambique LNG gas project is at the centre of a legal challenge in Washington, following the approval of a $4.7 bn loan by the US Exim Bank, amid security concerns and opposition from civil society groups.
U.S. Midstream: Gas pipeline projects shift focus to West and Northeast
Investors are closely watching U.S. midstream companies’ announcements regarding new gas pipeline expansions targeting promising markets in the West and Northeast, beyond traditional regions in Texas and the Southeast.
PPL Corporation and Blackstone Infrastructure launch gas partnership to power data centers in Pennsylvania
PPL Corporation and Blackstone Infrastructure announce a strategic partnership to develop new gas-fired power plants to supply electricity to data centers through long-term contracts in Pennsylvania.
Falcon Oil & Gas sets initial production record at Beetaloo site in Australia
Falcon Oil & Gas Ltd announces a new record initial flow test result at the Shenandoah S2-2H ST1 well and the start of its 2025 drilling campaign in the Beetaloo Basin.
Azule Energy announces major offshore gas discovery in the Angolan Congo Basin
The Azule Energy consortium has identified a significant gas and condensate field during Angola’s first exploration drilling dedicated to gas, marking a milestone for the country's energy sector.
Technip Energies signs major contract for floating natural gas unit in Africa
Technip Energies has secured a contract to lead preparatory works for a floating liquefied natural gas unit in Africa, confirming its presence in the international gas infrastructure market.
Slovakia targets European agreement on end of Russian gas and sanctions by Tuesday
The Slovak government is seeking guarantees from the European Union to secure its supplies as talks continue over ending Russian gas and adopting a new round of sanctions.
ArcLight Capital acquires Middletown Energy to meet growing energy needs
ArcLight Capital Partners announces the acquisition of Middletown Energy Center, a combined-cycle natural gas power plant, aimed at meeting the substantial rise in energy demand from data centers and digital infrastructure in Ohio.
LNG Canada launch has no immediate effect on gas prices
The commissioning of LNG Canada, the first major Canadian liquefied natural gas export facility led by Shell, has not yet triggered the anticipated rise in natural gas prices in western Canada, still facing persistent oversupply.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING