Offshore staff
HOUSTON – The developers of Firebird LNG, a proposed project offshore Suriname, say that the project is now fully funded through to final investment decision.
Firebird LNG is designed to gather natural gas, much of which would otherwise be wasted through flaring, and turn it into liquefied natural gas.
The project’s development site is located near Nickerie, Suriname, and will serve as a gas solution for platforms in the territorial waters of both Suriname and Guyana. E&P projects in this region currently lack outlets for their associated gas, and this undermines both the environment and the economic growth potential of the region, say Firebird LNG officials.
Firebird LNG will build both an offshore natural gas transportation system and a liquefaction plant, which will become the centerpiece of a planned deepwater port.
Locating the plant in the port will improve logistics, operations and infrastructure utilization, said Walter Teter, CEO of Firebird LNG LLC. Firebird is jointly owned by Houston-based Phoenix Development Holding Company LLC and Idaho-based MAD Energy LP. “As the anchor project of the deepwater port, the liquefaction plant will represent the single largest onshore industrial investment in Suriname to date,” Teter said.
The LNG plant is expected to be operational by the end of 2024. Firebird LNG will sell the majority of its output under long-term contracts, Teter added. The planned output is 4 million tons per year, but there is room for expansion if demand warrants. The total gas resource in the basin is estimated at 35 trillion cubic feet which is well in excess of the requirements of Firebird LNG.
08.05.2022
