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Royal Vopak acquires stake in Colombian LNG import facility

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LNG Industry,

Royal Vopak has announced that it has acquired a 49% shareholding in Sociedad Portuaria el Cayao (SPEC) in Cartagena, Colombia.

According to the statement, SPEC is the only LNG import facility in Colombia, and has been operating since 2016. Promigas holds the remaining 51% in SPEC.

The facility comprises an LNG jetty, onshore infrastructure and a 9.2 km gas pipeline connecting SPEC to the national gas grid. A chartered floating storage and regasification unit (FSRU) is receiving the LNG and sending the gas on shore. SPEC has long-term contracts with three local gas-fired power plants.

Eelco Hoekstra, Chairman of the Executive Board and CEO of 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.”

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