Royal Vopak invests in Sociedad Portuaria el Cayao (SPEC) LNG import facility in Colombia
Date
September 23, 2019
Type
M&A Transactions
Subtype
Transaction completed
Countries
Colombia
Subsectors
O&G Midstream
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Royal Vopak has acquired a 49% shareholding in Sociedad Portuaria el Cayao (SPEC) in Cartagena, Colombia. SPEC is the only LNG import facility in Colombia and has been in operation since 2016.
The LNG import facility consists of an LNG jetty, onshore infrastructure and a 9.2 km gas pipeline which connects SPEC to the national gas grid. A chartered FSRU is receiving the LNG and sending the gas on shore. SPEC holds long term contracts with three local gas-fired power plants.
The shareholders in SPEC are Promigas (51%) and Royal Vopak (49%).
