Colombia upping regasification ante to tackle looming gas shortage

(offshore-energy.biz) Colombia’s state-owned oil and gas company Ecopetrol has handed out a contract to compatriot Puertos, Inversiones y Obras (PIO) to provide regasification services in the country’s Pacific Coast area.

The new infrastructure will entail receipt and storage facilities in Buenaventura and a regasification facility with a 60 million cubic feet per day (mcfd) capacity in Buga. The expected start of operations is Q2 2026.

According to Ecopetrol, the award and signing of this contract is a strategic step in diversifying the supply of natural gas before offshore projects come into operation. 

Buenaventura is the site of another planned liquefied natural gas (LNG) development–the Andes Energy Terminal (AET). Black & Veatch concluded a feasibility study for the project in May 2024.

Since Colombia is expected to experience a natural gas deficit in 2025, the country will have to import most of its gas needs, which is why regasification capacities on the Pacific Coast are seen as necessary.

Read full article: https://www.offshore-energy.biz/colombia-upping-regasification-ante-to-tackle-looming-gas-shortage/