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In a quarterly conference call, TGI chief financial officer Jorge Suescún said a consultancy firm had been hired to help search for a strategic joint venture.
"We're looking at aspects involving engineering, the port and important social issues," Suescún said. "We're focused on meeting deadlines set by [gas market regulator] Creg."
Suescún added that he expected a bidding process for the facility to begin next year.
Earmarked for the Pacific port city of Buenaventura, the LNG terminal is expected to boast capacity of 400Mf3/d and has been budgeted at US$560mn.
The project's blueprint also includes a gas pipeline linking the plant to the northern outskirts of Cali, Colombia's third largest city, and an associated 148MW thermoelectric plant.
The country's first LNG import, storage and regasification plant at the Atlantic port of Cartagena went into service last December.