Vitol Slated to Supply New Colombia LNG Project
(Bloomberg) -- Vitol Group is expected to supply a new liquefied natural gas import terminal in Colombia for five years starting in 2027, the project’s developer said.
The project is part of push to rapidly build LNG import terminals in Colombia, which is facing a natural gas deficit due to lower domestic production and rising demand. The country currently has one LNG import terminal in operation, with a slate of new projects proposed by state oil company Ecopetrol SA and others.
Amazónica LNG’s project will be located near Barranquilla, Colombia, on the country’s Atlantic coast. The facility will use a floating storage unit and include small-scale LNG services.
The contract with Vitol will cover as much as 4 million tons of LNG over the five-year period, starting in the second quarter of 2027, according to a message from Amazónica LNG sent to Bloomberg News. Amazónica LNG is a joint venture between port logistics company Retramar and private equity fund Affinity Energy.
A spokesperson for Vitol did not immediately respond to a request for comment.
(Amazónica LNG corrects supply details in fourth paragraph.)
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