Insight
The rationale for Colombia's LNG import-export strategy
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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.
Table of contents
- Executive summary
-
Why does Colombia need to import gas?
- Declining gas production
- Regional mismatch between supply and demand
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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
Tables and charts
This report includes 6 images and tables including:
- La Creciente FOB breakeven v. gas price options
- Gas sales (2004-2023)
- Existing gas and power infrastructure in Colombia
- Colombia gas balance (2000-2030)
- Colombia gas trade (2010-2030)
- LNG spot prices v. domestic gas price
What's included
This report contains:
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