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Colombia's plans to advance development of a second LNG regasification plant at the Pacific coast port of Buenaventura have moved forward with the award of a contract to to carry out conceptual studies.
The work entails analyzing available technologies and recommending the best options, drafting a project timetable and estimating the investment budget, as well as assisting UPME during the process to select investors.
BNamericas reported previously that a similar contract was awarded to a local consortium for the pipeline that will connect to the plant.
Energy authorities have said that a second gas import entry point would be needed if no new production fields come online in the coming years.
The country's first LNG import, storage and regasficiation terminal at the Atlantic port of Cartagena went into service last December.