Report: Colombia rolls out plans for second LNG regasification facility

Report: Colombia rolls out plans for second LNG regasification facility

Columbia’s depleting gas fields have prompted the development of plans to construct the country’s second 400 mcf per day LNG regasification facility near the Pacific coast. 

Platts reports Colombia’s mining and energy minister, German Arce, as saying that such facility is needed in order to ensure supply reliability in western Colombia.

The country is currently self-sufficient in gas, however, the declining gas reserves could prompt new imports as soon as next year.

Colombia’s first regasification facility near Cartagena is set to start operations before the end of the year, providing natural gas to thermo-electric power plants in northern and central Colombia.

Sociedad Portuaria El Cayao (SPEC) signed a contract in 2014 with Höegh LNG of Norway to hire a floating storage and regasification unit (FSRU) for a period of twenty years.

Höegh LNG has already opened an office in Cartagena to support the contract. The 170.000-cbm Höegh Grace FSRU that is currently serving as an LNG carrier under a contract with Trafigura is expected to arrive in Cartagena in the third quarter. The vessel has a regasification capacity of 500 mmcf/d.

Colombia currently uses about 1 billion cubic feet of gas per day, supplied from its gas fields that are depleting rapidly, and production from offshore fields being developed by state-owned Ecopetrol with Anadarko and Repsol as partners are not expected to start producing before 2022.

The minister has not revealed any dates when the new facility could enter operation, however, Colombia’s mining and energy planning unit UPME told Platts that the probable start is expected before 2024.

Liquefied natural gas to be delivered to the Cartagena facility will be sourced from Trinidad and Tobago as well as the United States, while the second facility could be procuring LNG from Peru or Asian producers.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >