Exmar said on Thursday that RDP, part of the Puerto Inversiones y Obras, is developing a fast-track LNG import solution in the inner bay of Buenaventura, under a term contract signed with Colombia’s state-owned energy firm Ecopetrol in February 2025 to provide regasification and logistics services for a volume of 60 million cubic feet per day of gas.
The solution will be based on the deployment of an FSU, where the LNG supplies will be loaded from LNG carriers and offloaded into ISO tanks for 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 supplies will be regasified and injected into the national transport system.
This solution will allow Ecopetrol to bring in a new source of imported gas to Colombia, contributing to the energy security of the country.
Exmar will lease the FSU to RDP and its operation and maintenance teams have been entrusted with the management of the FSU, under contracts with a duration of firm years firm, with options to extend.
Exmar did not provide further details regarding the FSU.
Moreover, the Buenaventura LNG project and underlying contracts with Exmar are still subject to final investment decision and other customary conditions precedent.
According to Exmar, these are expected to be lifted in the fourth quarter of 2025.
In March this year, Ecopetrol announced a deal with compatriot PIO SAS for regasification infrastructure on the Colombian Pacific coast.
Ecopetrol expects the infrastructure to start operations in August 2026.
The company recently provided an update on its regasification plans, which now also include floating storage and regasification units.
