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Sociedad Portuaria El Cayao S.A. ESP (SPEC LNG)

Company Detail

Description

Sociedad Portuaria El Cayao SPEC S.A. ESP, a company made up of Colombian distributor Promigas and private equity funds Americas Energy Fund II, LP and TAM LNG Holdings, was awarded a contract for the development and construction of a regasification terminal that will allow it to import liquefied natural gas to Colombia's Atlantic coast. The project will be carried out in two phases. The first phase (offshore), which is expected to be concluded by December 2015, will include the construction of the maritime facilities, such as a port, a pier and connecting pipelines and a FRSU with 170,000m3 of storage and 400Mft3/d of regasification capacities. The second phase (onshore) includes the construction of regasification, storage and liquefaction facilities.

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