Royal Vopak announced that it acquired a 49% shareholding in Sociedad Portuaria el Cayao (SPEC) in Cartagena, Colombia. SPEC is the only LNG import facility in Colombia and has been operating for three years, since 2016.
The LNG import facility includes an LNG jetty, onshore infrastructure and a 9.2 km gas pipeline which links SPEC to the national gas grid. A chartered FSRU will be receiving the LNG and then sending the gas on shore.
SPEC holds long term contracts with three local gas-fired power plants, while its shareholders are Promigas (51%) and Royal Vopak (49%).
Commenting on the development, Eelco Hoekstra, Chairman of the Executive Board and CEO of Royal Vopak, stated that:
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
