Altenesol Colombia S.A.S, a subsidiary of IAHL Corp., has engaged the final contracts for the sale of all volume from the first 180 000 gal./d train of Nataly I.
The finalised contracts are being drafted outlining all covenants to be addressed including the 10 year take-or-pay (TOP) contract structure.
Empresas Publicas de Medellin (EPM) and Adventus Fuels (AFC) commitments have solidified 100% of the volume from train 1 with final contracts due soon.
AFC specialises in trading and developing small-midscale LNG fuel and terminals in the Caribbean, Latin America, and West Africa.
AFC’s associates include Genser Energy, Haytrac, Structure S.A. Banca de Inversión, Small-LNG and LNG America.
Hector Ulloa J., President, Structure Banca de Inversión, said: “We see this project as an excellent source to provide lower energy costs to the market and our experience in the energy sector gives us access to many companies that will benefit from bringing this technology to them.”
Prietocarrizosa, a prestigious law firm of Colombia, has been selected to handle the closing of equity, debt, LNG off-take and all other contracts related to the project. The company’s team provides expert legal advice and act as representatives for local and multinational companies as well as for individuals and governmental organisations.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09062014/altenseol_lng_project_accelerating_727/