Gas development company backed by ‘big names’ – Jagdeo

-says no conflict of interest for Guyana with
former Exxon employee

In its ongoing defence of the less-than-one-year-old energy startup company owned by former ExxonMobil employee, Jesus Bronchalo, government yesterday informed that Fulcrum LNG Inc plans to partner with “top” global companies such as Baker Hughes, and source funding from the United States EXIM Bank and private equity firms.

“The most comprehensive proposal came from Fulcrum and they had some of the top US companies. Fulcrum [had] as their partners; you had McDermott [International, Ltd] who is the lead contractor as part of this company. You had Baker Hughes as part of this company; ERM on the environmental consultants; Solaris; and other agencies associated. These are some of the top companies in the world,” Vice President Bharrat Jagdeo yesterday told a press conference at PPP headquarters.

“And they also identified potential forms of financing [for] these activities, either through US EXIM Bank or private equity firms that may be interested in this. They had, clearly, the best proposal,” he added.