Investing in LNG terminal in Colombia
The Dutch company Royal Vopak has just acquired 49% of the shares of the Sociedad Portuaria el Cayao (“Spec”) in Cartagena, Colombia. Spec is so far the only LNG import facility in Colombia and has been in operation since 2016.
The facility consists of an LNG jetty, onshore infrastructure and a 9.2 km gas pipeline which connects Spec to the national gas grid. A chartered FSRU receives the LNG and sends gas on shore. Currently, Spec holds long-term contracts with three local gas-fired power plants. Everything comes full circle, because the shareholders in Spec are Promigas (51%) and Royal Vopak (49%).
Promigas is a private company in the natural gas sector in Latin America with 45 years of experience providing mass access to natural gas. Eelco Hoekstra, chairman of the executive board and CEO of Royal Vopak, underlined the company's interest in “the partnership with Promigas" and the entry "into the growing Colombian LNG market."(fd)