Colombia's proposed US$400mn Pacific coast LNG regasification plant would ease fears of a future energy supply deficit by helping to wean the country off hydropower, a consultant told BNamericas.
"The plant would encourage gas purchase contracts by increasing the reliability of supply," Andrés Izquierdo, director at Bogotá-based Óptima Consultores, told BNamericas.
"The proposed capacity of the terminal is 400Mf3/d. That's enough to feed thermoelectric plants totaling 2,000MW of capacity. LNG represents a solution to difficulties that generators have had in in accessing gas. The Buenaventura regasification plant could boost the development of gas generation projects in the southwest, but also in other inland areas of the country," he added.
Slated for the port of Buenaventura (pictured), the facility would be Colombia's second LNG import terminal after the Cartagena regasification plant, which went into service in 2016.
Part of the project is a 75km pipeline, expected to cost US$260mn, connecting the plant to Yumbo on the northern outskirts of Cali, Colombia's third largest city.
Government officials have said a tender for the LNG plant and pipeline will be launched this year, ahead of a planned 2021 operational startup.
The second of a two-part interview with Izquierdo can be seen here.