Cartagena LNG Terminal (Colombia)

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.
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Cartagena LNG Terminal is an LNG import terminal in Bolivar, Colombia.

Location

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Project Details

  • Owner: Sociedad Portuaria El Cayao S.A. E.S.P. (SPEC)
  • Parent: Promigas (51%) Baru LNG(49%)
  • Location: Cartagena, Bolivar, Colombia
  • Coordinates: 10.4, -75.5 (approximate)
  • Capacity: 3 mtpa, 0.43 bcfd
  • Additional Proposed Capacity:
  • Status: Operating
  • Type: Import
  • Start Year: 2016

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Cartagena LNG Terminal is an LNG import terminal in Bolivar, Colombia, with a capacity of 3 mtpa. It began operating in 2016, and supplies local power plants..[1]

In 2014, Sociedad Portuaria El Cayao SPEC S.A. ESP(SPEC), was contracted for the development and construction of the import regasification terminal on the Caribbean coast of Colombia. SPEC's shareholders were Colombian Energy company Promigas (50%), Americas Energy Fund II (25%), a private equity fund managed by Chile's SCL Energia Activa, and TAM LNG (25%), a Colombian equity fund. The two phase project was estimated to require around $500 million of investment.[2]

By 2015, Promigas owned 51% and a private equity firm Barú Investments owned 49% in the SPEC LNG terminal project. TAM LNG had dropped out of the project.[3]

The first phase of the project, which was offshore, included the construction of a pier, port, connecting pipelines, an FSRU with a capacity of 170,000 cubic meters, and a regasification capacity of 400 million cubic feet per day. The second phase was an onshore project which consisted of regasification, storage, and liquefaction facilities.[4]

The project was the first LNG terminal to operate in Colombia and was built to supply the three major power plants in Northern Colombia.[5] The project was inaugurated by President of Colombia, Juan Manuel Santos, in 2016 and also commenced operations that same year.[6] According to SPEC's General Manager, Jose Luis Montes, the LNG terminal is crucial to preventing drought-related blackouts by providing an alternative form of energy to the major power plants, Tebsa, Termocandelaria and Zona Franca Celsia.[7] Besides weather concerns, the project was also developed due to concerns of dwindling gas production in Colombia.[8]

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