Commodities
Apache Says Talks Advancing on Floating LNG Site Between Guyana, Suriname
- Apache confident in its oil discovery off Suriname coast
- South American nations could export LNG through new terminal
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Apache Corp., confident in its oil discovery with TotalEnergies SE off Suriname’s coast, is pursuing further discussions for a floating liquefied natural gas site in cooperation with neighboring Guyana, an Apache executive told analysts and investors.
Natural gas is a byproduct of oil production that companies handle in a variety of ways. Apache plans in the medium term to reinject the gas under the surface off the South American nation, Apache Vice President Gary Clark said Monday at the Enercom conference in Denver, according to Roth MKM analyst Leo Mariani. In the long term, Apache could seek to export it through an LNG terminal.