Suriname's Gas-to-Shore Project Planned for 2030 Production Launch
Suriname's Gas-to-Shore project, led by President Simons, aims to extract and process natural gas on a Floating LNG platform for export by 2030. With Petronas holding an 80% stake and a Detailed Feasibility Study underway, the initiative is essential for the country's industrialization and sustainable economic growth. The government plans to collaborate with Petronas and hire an international consultant to ensure comprehensive project planning and execution.
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Suriname's Gas-to-Shore project, prioritized by President Simons, aims to extract natural gas and process it on a Floating LNG platform for export to markets in Europe, Asia, and South America. The project is crucial for further industrialization and sustainable economic development.
Petronas holds an 80% stake, with Paradise Oil Company, a subsidiary of Staatsolie, owning 20%. A Detailed Feasibility Study is being conducted by Wison New Energies, with first production expected in 2030 or early 2031.
The government plans to engage with Petronas to ensure alignment on project priorities and will establish a commission for project preparation and execution. An international consultant will be hired to create a comprehensive feasibility study for the offshore natural gas pipeline and related infrastructure, with support from the IDB. The decision on project execution will follow the feasibility study review.
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