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Terminal News

Vopak buys stake in Colombian LNG facility

Vopak buys stake in Colombian LNG facility
Vopak has acquired a 49% stake in Sociedad Portuaria el Cayao, an LNG import facility in Cartagena, Colombia.

The facility is the only LNG import facility in Colombia and has been in operation since 2016.

It comprises an LNG jetty, onshore infrastructure and a 9.2km gas pipeline that connects SPEC to the natural gas grid. A chartered FSRU is receiving the LNG and sending the gas on shore. SPEC holds long term contracts with three local gas-fired power plants.

The shareholders are now Promigas, with a 51% share and Vopak, with 49%.

Eelco Hoekstra, chairman of the executive board and CEO of Vopak, says: 'We are very much looking forward to the partnership with Promigas and to enter into the growing Colombian LNG market. This is another growth step in our LNG portfolio and it fits very well in our ambitions to grow and diversify our service offering in LNG.'



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