28 C
Singapore
Saturday, September 20, 2025
spot_img

Exmar signs floating LNG storage contract with Regasificadora del PacĂ­fico in Colombia

Must read

Exmar has signed contracts with Regasificadora del Pacífico S.A.S. (RDP) for the deployment of a floating storage unit (FSU) on Colombia’s west coast.

According to the companies, the project forms part of RDP’s plan to develop a fast-track LNG import solution in the inner bay of Buenaventura under a contract with Ecopetrol S.A. signed in February 2025 to provide regasification and logistics services for 60 million cubic feet per day of gas.

The project will use a floating LNG storage and offloading unit. LNG will be delivered from carriers, transferred into isotainers, and moved by barge to the port of Buenaventura D.E. From there, trucks will transport the isotainers to a regasification plant in Buga, where the LNG will be regasified and injected into Colombia’s National Transport System.

Exmar will lease the FSU to RDP and manage it through its operation and maintenance teams. The contracts have a firm duration of five years, with options to extend. They were signed in Eemshaven, the Netherlands, during a visit by Colombian stakeholders to the EemsEnergyTerminal facility, where Exmar’s Eemshaven LNG is deployed.

The Buenaventura LNG project and the contracts with Exmar remain subject to a final investment decision and other conditions precedent, expected to be resolved in the fourth quarter of 2025.

Exmar CEO Carl-Antoine Saverys said: “Exmar is excited to embark on this journey with the experienced project development teams of the RDP group. We are confident that the combined strengths of Exmar’s expertise and RDP’s project development experience in Colombia will offer an innovative LNG import solution.”

RDP President Oscar Isaza stated: “The signing of this contract not only marks a milestone for RDP as a maritime logistics company, but it is even more significant and decisive to have the endorsement of more than 60 community, union, educational, and institutional leaders from Buenaventura and Buga. For RDP it is essential to partner with Exmar to coordinate and implement the project in a responsible way. Today, we strengthen the integration of both companies and demonstrate the sustainable development we can achieve by working together.”

Exmar NV is a publicly listed Belgian company headquartered in Antwerp. It specializes in the transportation of liquefied petroleum gas, ammonia, and liquefied natural gas, and provides floating infrastructure solutions for gas operations worldwide. The company manages a fleet of more than 40 vessels and operates offshore and floating regasification units.

Regasificadora del PacĂ­fico S.A.S. (RDP) is a Colombian company belonging to the Puerto Inversiones y Obras S.A.S. group. It was established to address the expected natural gas supply deficit in Colombia starting in 2026, and focuses on LNG import infrastructure and logistics in Buenaventura and Buga, aiming to diversify national energy sources.

Ecopetrol S.A. is a majority state-owned oil and gas company headquartered in Bogotá, Colombia. It is the largest company in the country by revenue and plays a central role in exploration, production, refining, and transportation of hydrocarbons, as well as in energy security policy.

spot_img
- Advertisement -spot_img

More articles

- Advertisement -spot_img

Latest article

spot_img