Page 8 - GLNG Week 01 2021

GLNG AMERICAS GLNG

Sycar secures supply deal for Jambeli

LNG with Colon LNG Marketing

PROJECTS & SYCAR, a US-based project development com- Colon LNG Marketing to begin delivering fuel to
COMPANIES pany, revealed late last month that it had secured industrial customers in Ecuador. It did not name
a source of LNG for the import terminal it any buyers but said that the supply agreement
intends to build at Bajo Alto, a sheltered port in would help it build up its business and support
Ecuador’s southern El Oro province. the continued development of the Jambeli LNG
In a statement, the firm said it had signed a project.
supply agreement with Colon LNG Marketing, According to previous reports, one of the
a joint venture between a subsidiary of US-based first companies to buy Sycar’s LNG in Ecuador
AES and France’s TotalEnergies. The deal pro- may be the Machala TPP, a 130-MW natural
vides for the venture, which makes use of AES gas-burning power station in Bajo Alto near the
Panama’s Costa Norte LNG terminal, to serve as port. Meanwhile, the US-based company has
a supplier for Sycar’s planned Jambeli LNG facil- also said it wants to build a truck filling station at
ity in Ecuador. the port so that it can deliver LNG to local trans-
As of press time, Sycar had not yet divulged portation companies. This may help it uphold
the exact terms of its agreement with Colon the agreement it has signed with Air Flow USA
LNG Marketing. According to other sources, to make LNG deliveries using intermodal con-
the Costa Norte LNG terminal is capable of tainers in Ecuador.
handling about 1.5mn tonnes per year (tpy) of The Jambeli LNG terminal will consist pri-
LNG and directs about half of that amount to an marily of a floating storage and regasification
on-site thermal power plant (TPP) with a gen- unit (FSRU) vessel that will be stationed in the
erating capacity of 381 MW. Colon LNG Mar- Jambeli Canal in 11-metre-deep water in the
keting makes the remaining volumes available port of Bajo Alto. The FSRU will pipe gas to shore
for trade on the open market, and the terminal’s for delivery to local buyers, and Sycar may also
storage facilities can hold 180,000 cubic metres. build an onshore storage depot near the terminal
Despite the lack of detail, Sycar did indicate so that it can supply larger volumes of gas to the
that it expected to receive enough LNG from local market.™

P8 www. NEWSBASE .com Week 01 07•January•2021