Colombia's TGI readies for transport capacity boost

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Thursday, August 10, 2017

Colombian natural gas transporter TGI is scheduled to complete projects that will increase capacity by 71.2Mf3/d through year-end, according to CFO Antonio Angarita's first half presentation on Wednesday.

The works are Cusiana phase III (20Mf3/d, US$31.5mn), Armenia loop (2.2Mf3/d, US$24.3mn), Cusiana-Apiay-Villavicencio-Ocoa (32Mf3/d, US$48.2mn) and the Puente Guillermo-Vasconia (17Mf3/d) component of Cusiana IV.

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Cusiana IV's Cusiana-Vasconia (43Mf3/d) component is scheduled to wrap up in 4Q18.

Angarita also reiterated plans to participate in development of the country's second regasification plant. TGI is working to select a partner, he said, adding bidding is expected to be "very competitive."

Other government-proposed projects the Grupo Energía de Bogotá (GEB)-controlled company is looking at include the pipeline that will connect the regasification plant with the national gas transport system, and pipelines Yumbo-Mariquita, Mariquita-Gualanday and Barrancabermeja-Ballena, and compression stations El Cerrito and Popayán.

Read Colombia LNG pipeline study call draws 5 bids

In a related note, energy and gas regulator CREG announced it will hold an open meeting on August 23 to update works for the connections to Colombia's natural gas transport system, as well as costs.

CALIDDA

For his part, Martín Mejía, CFO of GEB-controlled Calidda, which distributes gas to Peru's capital Lima and neighboring port city Callao, highlighted that the company now serves over half a million clients.

At end-June, Calidda's clients reached 501,589, up 27% from a year earlier, and the number of potential clients rose 14% to 791,154.

TGI's first half earnings report is available here, and Calidda's at this link