Telfers FSRU

From Global Energy Monitor

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Telfers FSRU is a LNG jetty with a floating storage regasification unit (FSRU) in the city of Colón on the Panamanian island of Telfers associated with Telfers power station.

Location

The map below shows the location of the FSRU in the seaport of Colón.

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Project details

  • Owner: LNG Group Panama[1]
  • Location: in the seaport of Colón, Panama
  • Coordinates: 9.357222, -79.898611 (approximate)
  • Capacity:
  • Status: Proposed
  • Type: Import
  • Financing: Natixis and Sumitomo Mitsui Banking Corporation (US$700 million loan) [1]
  • Start Year: 2019

Background

Telfers FSRU is part of an LNG-to-power project also involving the 656 megawatt combined cycle gas turbine Telfers power station, which was originally proposed in 2013. Panama NG Power, a subsidiary of LNG Group Panama, was then unable to reach financial close on the project resulting in its license being revoked. In 2017 the project experienced further financial complications which again led to Panamanian authorities cancelling its license. The floating storage regasification unit will allow for receiving imports, storage, regasification and distribution.[1]

Construction was completed in 2019 after four years fully funded by private investment (51.1% AES Corporation and 49.9% Inversiones Bahia).[2] As of 2021, financial close and other issues are a threat to Telfers.[3]

Articles and resources

References

  1. 1.0 1.1 1.2 Preferred Bidder lined up for Panama LNG-to-power IJGlobal, Jan. 24, 2020
  2. "Panama Liquified Natural Gas hub for Central America". Newsroom Panama. October 19, 2019.
  3. Tom (2021-01-19). "A new gas to power project for Panama?". THE PANAMA PERSPECTIVE. Retrieved 2021-04-29.

Related GEM.wiki articles

External resources

External articles