Guyana Suriname LNG Could Supply 12M Tonnes by 2030s
Guyana · Energy
Key Facts
—LNG potential. Wood Mackenzie estimates Guyana and Suriname could jointly supply around 12 million tonnes per annum of LNG in the 2030s.
—Resource base. The basin holds roughly 13 trillion cubic feet of non-associated gas, mainly in Guyana’s Haimara cluster and Suriname’s Block 52.
—Breakeven cost. The estimated LNG supply cost is about US$6 per million British thermal units, making it competitive with other new global supply.
—SLB revenue. SLB reported Latin America revenue of approximately US$1.71 billion in Q2 2026, up 12 percent sequentially.
—Growth drivers. The company cited higher offshore drilling in Brazil, Guyana and Mexico, plus production systems sales in Guyana.
*Offshore gas discoveries in the Guyana–Suriname basin are reshaping the region’s energy future, while oilfield services revenue signals how quickly projects are moving from drawing board to development.*
A new gas frontier takes shape
Guyana and Suriname are emerging as potential LNG exporters on a scale that could matter globally. Wood Mackenzie’s analysis points to around 12 million tonnes per annum of combined export capacity in the 2030s, drawn from non-associated gas resources estimated at 13 trillion cubic feet.
The key deposits are Guyana’s Haimara cluster and Suriname’s Block 52, home to the Sloanea discovery. With a breakeven LNG cost of roughly US$6 per million British thermal units, the basin looks cost-competitive against other new supply sources.
Two countries, two gas pathways
Guyana is advancing on parallel tracks. Associated gas from the ExxonMobil-operated Stabroek Block is already being piped to shore for power generation and natural gas liquids processing under the Gas-to-Energy project.
The country’s first standalone non-associated gas development, the proposed Longtail project, is seen as a foundation for future LNG exports. In Suriname, TotalEnergies and APA Corporation have made offshore discoveries that state oil company Staatsolie wants to develop as part of a broader natural gas strategy.
The infrastructure gap
Neither country has LNG export infrastructure today. Turning 13 trillion cubic feet of offshore gas into liquefaction trains, pipelines and export terminals will require billions of dollars in investment and years of construction.
The prize is access to nearby Caribbean and South American markets, plus potential shipments to Central America and Southeast Asia. Wood Mackenzie notes these volumes would help fill a projected global LNG supply gap of about 105 million tonnes per annum by 2035.
What SLB’s US$1.71 billion quarter reveals
SLB’s Latin America revenue reached roughly US$1.71 billion in the second quarter of 2026, a 12 percent jump from the previous quarter and up at least 9 percent year-on-year. The company called Latin America its fastest-growing region during the period.
Management credited higher OneSubsea revenue, increased digital exploration sales in Brazil, and stronger offshore drilling across Brazil, Guyana and Mexico. Production systems sales in Guyana and Mexico were singled out as particularly robust.
The numbers show that upstream activity is already accelerating in the very basins where gas ambitions are taking shape. As Guyana and Suriname move toward LNG, service companies like SLB stand to capture more subsea and production systems work.
Strategic stakes for the Caribbean
Analysts increasingly frame Guyana and Suriname as strategic energy anchors for a Caribbean region vulnerable to global price shocks. Their growing oil and gas capacity offers a buffer against supply disruptions.
The question now is whether the two neighbors can convert significant associated and unassociated gas resources into reliable energy exports. Wood Mackenzie’s assessment is that the outcome is worth watching closely.
Frequently Asked Questions
How much LNG could Guyana and Suriname export?
Wood Mackenzie estimates combined LNG export potential of around 12 million tonnes per annum in the 2030s, based on non-associated gas resources of about 13 trillion cubic feet.
What is the estimated cost of producing LNG from this basin?
The breakeven LNG supply cost is approximately US$6 per million British thermal units on a free-on-board basis, excluding shipping and regasification, which is competitive with other new global supply.
What drove SLB’s Latin America revenue growth in Q2 2026?
SLB’s Latin America revenue rose to about US$1.71 billion, driven by higher OneSubsea sales, digital exploration in Brazil, stronger offshore drilling in Brazil, Guyana and Mexico, and production systems sales in Guyana.
Does either country have LNG export infrastructure today?
No. Neither Guyana nor Suriname currently has LNG export facilities. Both are in early stages of developing offshore gas resources, with Guyana’s proposed Longtail project seen as a potential foundation for future exports.
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