US grant funds LNG feasibility study in Colombia
Funded by a US grant, US-based engineering firm Black & Veatch said June 3 it had been tasked with conducting a feasibility study for an LNG regasification facility in Colombia.
Black & Veatch said it would carry out technical, engineering and commercial studies on the proposed Andes Energy Terminal (AET), which would be situated on Colombia’s western coast on the Pacific Ocean.
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The company said its work would focus on the development of the LNG regasification facility and 400 MW of gas-powered generation to feed the grid in central and southwestern Colombia.
Pointing to economic expansion in Colombia, Black & Veatch said it expected the nation to face supply-side constraints through 2023.
“The AET seeks to aid Colombia’s energy transition to more sustainable power sources and add resilience and reliability to an electric grid heavily reliant on hydro generation assets that are subject to weather-related production variance,” it said.
Several nations in Latin America, such as Brazil and Venezuela, rely heavily on hydroelectric power. A region-wide drought, however, has forced some area economies to look to LNG imports as a stop-gap measure.
Protests over economic issues, meanwhile, have disrupted oil and gas operations across Colombia. This week, Toronto-based Frontera Energy said it was forced to shut in some production in Colombia because demonstrators had blocked the road to its assets.
Black & Veatch said its feasibility work in Colombia was funded by a grant from the US Trade and Development Agency. The work “will verify the proposed project site’s suitability, define the project design requirements, and estimate capital and operating costs.”