Staatsolie, the national oil company of Suriname, is analyzing various options for monetizing Suriname’s natural gas resources. Specifically, Staatsolie is interested in understanding the economic and technical feasibility of gas-to-power in Suriname. As part of this effort, the company is seeking a high-level assessment of gas-to-power options that include both domestic and imported gas supply options, as well as the associated logistics for delivering gas to its existing power plants (planned conversions) and new gas-fired facilities. K&M was engaged to conduct this high-level analysis and cost comparison of nine identified gas-to-power options.

K&M Advisors was engaged to estimate the Levelized Cost of Delivered Gas (LCODG) for nine LNG-to-power options across two gas demand scenarios. Each option encompassed gas delivery to Suriname’s thermal generation fleet—including the SPCS and DPP units slated for gas conversion—as well as to a prospective new gas-fired facility. Four options evaluated imported LNG or gas delivered via ISO containers, bulk delivery to an FSU or FSRU, or subsea/onshore pipeline infrastructure. The remaining five options assessed domestic LNG or gas, applying analogous logistics configurations.

K&M tailored and refined its existing LNG-to-Power costing model to the nine configurations. K&M developed Class 5 CAPEX and OPEX estimates for all major system components to derive LCODG values. The LCODG analysis incorporated a detailed cost breakdown, including LNG FOB pricing, shipping costs, offshore and onshore infrastructure requirements, and downstream storage, regasification, and distribution systems. Results were benchmarked against the HFO price and evaluated for cost and non-cost criteria to select a preferred option.