Colombia sets new deadlines for Pacific LNG tender

Colombia has postponed a bidding process for the long-delayed Pacific LNG regasification project for a third time in an effort to drum up investor interest. 

Potential developers now have until August 10 to present technical and economic bids, having previously been set a July 6 deadline, according to documents published by energy ministry planning unit UPME. 

Envelopes containing technical proposals, notwithstanding counteroffers, are set to be opened on August 28 and those with financial offers on September 5. 

The deadline for the counteroffer process is September 15, the results of which are scheduled to be announced on October 2 (technical bids) and October 6 (financial offers).

In addition, a September 12 cut-off was set for the presentation of bids for an auditing contract. 

Additional information can be seen here.

Earmarked for the port of Buenaventura, the Pacific LNG project comprises a 170,000m3-capacity LNG storage and regasification facility and a 120km pipeline that would transport up to 400Mf3/d (million cubic feet per day) to Yumbo, on the northern outskirts of Cali.

An initial tender for the project, which is expected to cost up to US$1bn, was aborted in late 2021 due to tepid investor interest. 

Developers had originally been set a March deadline for the relaunched tender before it was pushed back to June and then July.