Colombia receives second LNG cargo

By Curious

Höegh LNG’s FSRU Höegh Grace received only its second cargo of liquefied natural gas since it started operations in Cartagena, Colombia in December last year.

The Höegh Grace, operates as Colombia’s first LNG import terminal, under the 20-year contract Höegh LNG has with Sociedad Portuaria El Cayao (SPEC).

Colombia receives second LNG cargo
Caption: FSRU Höegh Grace - Image courtesy of Höegh LNG

The facility received an 85,000 cubic meter cargo to secure enough fuel for the gas fired power plants in Colombia’s coastal Caribbean area.

SPEC’s spokesperson told Platts the cargo was secured by Calamari LNG, the company representing three power plants in the area, with the seller being Vitol.

Additionally, Platts reports Calamari LNG’s general manager Alfredo Chamat Barrios as saying, Colombia is slowly emerging on the LNG buyers market and is looking to secure better prices in the future.

The latest delivery is enough to produce 250 mmcf of gas, equal to a quarter of the country’s daily demand.

Barrios added that, if extreme El Nino conditions return in 2017, the three plants would require at least three 170,000-cbm cargoes per month.

Source: LNGWorldNews