UPME On Pacific Facility Investor Selection

(Energy Analytics Institute, 30.Oct.2020) — Colombia’s Mining and Energy Planning Unit (UPME) officially started the investor selection process for the Pacific Gas Import Infrastructure project, which will encompass LNG storage, regasification, natural gas transportation as well as associated services .

Highlights:

— The deal will be awarded before the end of the second quarter of 2021, according to UPME’s schedule

— The gas import infrastructure for the project is estimated at $700mn and includes a regasification plant and the Buenaventura-Yumbo gas pipeline

The Pacific Gas Import Infrastructure is one of the works proposed in the technical study for the Natural Gas Supply Plan published by UPME in October 2020 and adopted by Colombia’s Ministry of Mines and Energy through Resolution MME 40304 of 2020, UPME announced 29 October in an official statement.

The infrastructure will be comprised of (i) a regasification plant located in the municipality of Buenaventura, Valle del Cauca, and (ii) a gas pipeline that connects said plant with the national gas transportation system in the municipality of Yumbo.

The investor selection documents published by the UPME contain the technical, economic and legal specifications, as well as the stages defined for the process that will allow interested investors to prepare and present their proposals to participate in the process.

The UPME published the investor selection documents in May 2018 and June 2020 and incorporated into these final documents analysis of comments made by interested agents.

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By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.