Recent developments regarding the Gas to Energy project in Guyana have sparked concern and calls for transparency from the government, particularly Vice President Jagdeo, amidst escalating disputes and uncertainties.
This, according to Economic Advisor to the leader of the opposition, Elson Low, who during a press engagement today pointed to reports from Reuters revealing arbitration filings by two project contractors over a $US90 million cost overrun dispute have left many Guyanese alarmed and seeking clarity on the matter.
According to Low, the lack of communication from the government regarding this significant issue has fueled criticism, with concerns raised about potential financial implications for the country.to this end he was adamant government to address several key questions to provide clarity and mitigate further risks.
This, in addition to disclosing the nature of the reported dispute between contractors; Measures being taken to prevent financial losses and leakage;. Potential impacts of arbitration on existing project contracts and timelines; Clarity on whether the $90 million dispute figure is final or subject to change; The Vice President’s conspicuous silence on the matter has only intensified concerns, particularly given his purported expertise in oil and gas affairs. The public is calling for transparency and factual disclosure from Jagdeo and the government.
According to Low, critics have also drawn attention to past decisions, such as the selection of the Wales site for the energy plant, which incurred substantial additional costs due to longer pipelines.
He was adamant too questions linger about the government’s handling of agreements with Exxon for natural gas provision and concerns over funding mechanisms, including reports of potential violations of constitutional processes.
Calls for accountability extend to demands for the release of all agreements with Exxon and adherence to proper parliamentary oversight and procurement procedures and according to Low, a failure to address these concerns risks further undermining public trust and jeopardizing the country’s energy security and economic stability.
