Exmar has signed contracts with Regasificadora Del Pacífico (RDP) for the deployment of a floating storage unit (FSU) on the west coast of Colombia.
RDP is developing a fast track LNG import solution in the inner bay of Buenaventura, under a term contract signed with Ecopetrol earlier this year to provide regasification and logistics services for a volume of 60 MMCFD of gas.
The solution will be based on the deployment of a floating LNG storage and offloading unit, where the LNG will be loaded from LNG carriers and offloaded into isotainers for the transportation to the port of Buenaventura by barge. Subsequently, the isotainers will be loaded on trucks and transported to the regasification plant in Buga, where the LNG will be regasified and injected into the national transport system.
The initial charter is for five years with options to extend. Financial details have not been revealed. The Buenaventura LNG project and underlying contracts with Exmar are still subject to final investment decision and other customary conditions precedent. These are expected to be lifted before the end of this year.
