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8 Pages

The rationale for Colombia's LNG import-export strategy


The rationale for Colombia's LNG import-export strategy

Report summary

Colombia will become a net gas importer by 2017. Domestic demand is growing and concerns over weather-driven power demand have prompted the government to evaluate LNG imports.Promigas is developing Colombia's first LNG regasification terminal, Cartagena de Indias LNG, on the Caribbean coast.  At the same time, Pacific Rubiales Energy and Exmar are building the world's first floating LNG export project, La Creciente FLNG.  


What's included?

This report includes 1 file(s)

  • The rationale for Colombia's LNG import-export strategy PDF - 502.88 KB 8 Pages, 0 Tables, 6 Figures

Description

This Energy Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues within the energy markets, this report gives you an expert opinion and analysis to help inform your decision making.

Analysing over 90 markets, and providing comprehensive coverage of global energy supply and demand, Wood Mackenzie is ideally placed to offer extensive expertise and robust knowledge of the energy markets sector.

Our experienced analysts use over 1,000 data sources and collaborate with colleagues around the world to accurately forecast and identify industry trends based on our objective, proprietary data.

  • Executive summary
  • Why does Colombia need to import gas?
    • Declining gas production
    • Regional mismatch between supply and demand
  • Why does Pacific Rubiales want to export LNG?
    • Spot LNG prices will decrease as Cartagena de Indias ramps up
  • This strategy makes sense for Colombia until new supply areas can be developed

In this report there are 6 tables or charts, including:

  • Executive summary
  • Why does Colombia need to import gas?
    • Gas sales (2004-2023)
    • Existing gas and power infrastructure in Colombia
    • Colombia gas balance (2000-2030)
    • Colombia gas trade (2010-2030)
  • Why does Pacific Rubiales want to export LNG?
    • La Creciente FOB breakeven v. gas price options
    • LNG spot prices v. domestic gas price
  • This strategy makes sense for Colombia until new supply areas can be developed
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