Page 13 - GLNG Week 08 2022

GLNG AMERICAS GLNG

Phoenix awards FEED contract for proposed

gas, LNG hub offshore Suriname

INVESTMENT PHOENIX Development Co. (PDC), a Hou- a Difference Ventures (MAD), a clean energy
ston-based group set up by investors from mul- investment platform based in Idaho, the plant
tiple countries, revealed on February 18 that it will use some of the gas it handles to generate
had signed a contract with Dallas-based Schwob electricity, and its net carbon dioxide emissions
Energy Services (SES) for front-end engineering will amount to zero. The facility will also include
and design (FEED) services on a gas hub and units for the production, storage and loading of
LNG plant offshore Suriname. liquid hydrogen as well as LNG, thereby giving The deepwater
In a statement, PDC said SES had agreed to Suriname a means of participating in the energy
help draw up plans for the construction of the transition, it said. hub will be able
hub, which will consist of delivery, storage and PDC has not revealed the value of the FEED
off-loading facilities, as well as a natural gas liq- contract, which it awarded to SES in co-opera- to receive gas
uefaction plant and pipeline connections. When tion with MAD, or said exactly where it wants to
finished, it said, the deepwater hub will be able to build its facilities. It did note last week, however, extracted from
receive gas extracted from offshore fields in the that the gas hub and LNG plant tied into its other offshore fields
Guyana-Suriname Basin and then direct it to one projects in the region – namely, DWP and SEZ,
of two destinations. which PDC has agreed to build together with in the Guyana-
On the one hand, PDC said, gas may be trans- Havenbeheer Suriname, the port authority of
ferred to pipelines that can carry it to shore – Paramaribo. Suriname Basin.
specifically, to the Deep-Water Port (DWP) and According to the statement, the establish-
Special Economic Zone (SEZ) being established ment of the gas hub and LNG plant will help
along Suriname’s western coast. But on the other reduce the environmental impact of oil develop-
hand, it stated, gas may also be sent to the gas ment in the Guyana-Suriname basin by ensur-
liquefaction plant, transformed into LNG and ing that associated gas from local oilfields can be
then loaded on to tankers for export to the world used rather than flared. At the same time, PDC
market. said, the project will benefit Suriname’s economy
Initially, the company added, the LNG plant by providing DWP and SEZ with reliable and
will consist of a single production train with a affordable sources of fuel and energy, a necessary
capacity of 4mn tonnes per year (tpy). Accord- condition for attracting high-value investors to
ing to plans that PDC has drawn up with Make these facilities.™

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