Buenaventura-Yumbo Gas Pipeline

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.
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Buenaventura-Yumbo Gas Pipeline is a proposed gas pipeline running from the Port of Buenaventura, Colombia to Yumbo, Colombia.

Location

The pipeline will start at the Pacific LNG Terminal near Buenaventura, Colombia and run to Yumbo, in Valle del Cauca department, Colombia, where it will connect with the Mariquita-Cali branch of the TGI Pipeline Network.

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Project Details

  • Owner: to be determined through government tender
  • Parent company:
  • Capacity: 400 million cubic feet per day (MMcfd)[1]
  • Length: 110 km / 68 miles[2]
  • Diameter:
  • Status: Proposed
  • Start Year: 2023
  • Financing:

Background

Originally proposed in 2017, the Buenaventura-Yumbo gas pipeline is to be built in conjunction with the new Pacific LNG Terminal in the Bay of Buenaventura on Colombia's Pacific coast. The LNG terminal will receive imported natural gas from Peru to meet a projected increase in gas consumption in coming years. The pipeline, with an estimated length between 75 kilometers[3] and 110 kilometers[2] and a capacity of 400 MMcfd[1], will connect the LNG import facility to Yumbo, Valle del Cauca in southwestern Colombia. The pipeline is expected to cost US$250 million[1], while the total project cost including the LNG terminal is estimated at up to US$700 million.[4]

In November 2018, the Colombian government announced its initial plan to launch a tender for the gas pipeline and LNG terminal project.[5] In July 2020, after a series of delays, the government relaunched the tender process. Under the new tender timetable, potential investors will place bids with Colombia's mining and energy planning agency (UPME) by February 2021, and a single bidder will be awarded a BOO contract for construction and operation of both the FSRU and the pipeline in March 2021. Both the pipeline and the LNG terminal are expected to be operational between 2023 and mid-2024.[2][3]

Opposition

Opponents of the Buenaventura-Yumbo pipeline project have objected to its completion on various grounds, including environmental concerns about bringing Qmax ships into the protected waters of Buenaventura Bay, logistical concerns about the Pacific LNG Terminal's proximity to military installations on Isla Naval, and economic concerns related to the high cost of imported natural gas.[6]

Articles and resources

References

  1. 1.0 1.1 1.2 "La licitación de la planta y el gasoducto de Buenaventura saldría en dos meses". La República. August 26, 2019.
  2. 2.0 2.1 2.2 "Investors eye LNG project in Colombia | News | IJGlobal". IJGlobal. February 25, 2020.
  3. 3.0 3.1 "COLOMBIA RELAUNCHES BID PROCESS FOR PACIFIC LNG IMPORT TERMINAL". Shearman & Sterling. July 15, 2020.
  4. "Colombia's LNG terminal finally moves | News | IJGlobal". IJGlobal. July 20, 2020.
  5. "LNG Industry Annual Report" (PDF). GIIGNL. 2019.
  6. "Los pecados que lleva a cuestas la regasificadora del Pacífico". Portafolio. February 4, 2020.

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External resources

External articles

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