Royal Vopak obtains stake in LNG import facility in Colombia

Royal Vopak has announced the acquisition of a 49 per cent shareholding in Sociedad Portuaria el Cayao (SPEC) in Cartagena, Colombia - the only LNG import facility in the country, and operational since 2016.

It 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 is receiving the LNG and sending the gas on shore. It also holds long term contracts with three local gas-fired power plants.

The major shareholder in SPEC is Promigas with 51 per cent.

Eelco Hoekstra, Chairman of the Executive Board and CEO of Rotterdam-based Royal Vopak, said “We are very much looking forward to this partnership with Promigas and to enter into the growing Colombian LNG market.

“This is another growth step in our LNG portfolio and it fits very well in our ambitions to grow and diversify our service offering in LNG.”

Promigas is a private company in the natural gas sector in Latin America with 45 years of experience providing mass access to natural gas.

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