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SPEC LNG seeks to assess gas market

players’ interest in expansion of

Cartagena import terminal

COLOMBIA SOCIEDAD Portuaria El Cayao (SPEC LNG), participants´ demand for the potential addi-
the operator of Colombia’s only LNG import tional capacity and advance to a final investment
The company explained terminal, is trying to assess the level of interest decision [FID] involving the foreseen expansion
that it had asked in proposals for expansion of the facility, which plans,” the statement said. It did not reveal when
players in the gas is currently capable of handling around 400mn SPEC LNG hoped to reach the FID stage, but it
market to reply to its cubic feet (11.3mn cubic metres) of natural gas did assert that expansion would “strengthen and
non-binding expression per day. ensure the medium- and long-term supply of
of interest (EoI) Cartagena-based SPEC LNG unveiled its natural gas in Colombia, [which is] key for assur-
between January 30 plans on January 30, explaining that it had asked ing a path to the energy transition.”
and February 20. gas market participants for input on the matter. SPEC LNG manages the terminal – which
“Today we launched a market survey to evaluate is based on the Hoegh Grace, a floating stor-
the expansion of our LNG regasification termi- age and regasification unit (FSRU) anchored
nal, in order to determine the interest of agents near the port of Cartagena – on behalf of
in the energy and gas sector in services that our Promigas, a Colombian natural gas trans-
infrastructure could provide,” it said in a post on portation company, and its partner Vopak, a
Twitter. Dutch operator of tank storage facilities. The
In a separate statement, the company Hoegh Grace receives LNG, regasifies it and
explained that it had asked players in the gas then transfers the gas to a 9.2-km pipeline for
market to reply to its non-binding expression of delivery to shore for further transport to local
interest (EoI) between January 30 and February thermal power plants (TPPs). These TPPs have
20. It further stated that the EoI was designed an installed capacity of 2,000 MW, equivalent
to assess the feasibility of averting potential gas to 60% of Colombia’s total gas-fired electricity
shortages in Colombia in 2027-2028 by expand- generating capacity.
ing the terminal’s capacity in two phases – to 450 The terminal has been in operation since
mcf (12.74 mcm) per day by the end of 2023 and December 2016, with the Hoegh Grace serving
then to 530 mcf (15.01 mcm) per day by the sec- under a charter contract the entire time. To date,
ond half of 2026. SPEC LNG has taken delivery of 35 LNG cargoes
This initiative “aims to assess the market via ship-to-ship (STS) transfers. ™

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