Colombia’s Ecopetrol has contracted PIO for regasification on the Pacific Coast, with a 60 mcfd facility planned for Buga by Q2 2026. This initiative addresses a projected gas shortfall in 2025, ensuring supply for over 40 million people. Meanwhile, an additional LNG terminal is planned in Buenaventura, alongside significant investment in exploration and production.
Colombia’s state-owned oil and gas company, Ecopetrol, has awarded a contract to Puertos, Inversiones y Obras (PIO) to enhance regasification services on the Pacific Coast. This project includes the development of storage and receipt facilities in Buenaventura, along with a regasification site in Buga, which will have a capacity of 60 million cubic feet per day, expected to begin operations in the second quarter of 2026.
Ecopetrol indicates that this contract is crucial for diversifying natural gas supply as the country approaches a gas deficit projected for 2025, necessitating increased imports. The new facilities will help meet the demand for natural gas, benefiting over 40 million Colombians.
Additionally, Buenaventura is set to host the Andes Energy Terminal (AET), which follows a favorable feasibility study from Black & Veatch. The company emphasizes the importance of ongoing investments to ensure both stability and expansion within the oil and gas sectors, allocating $1.37 billion for exploration efforts over the next three years.
In summary, Colombia is taking proactive measures to address an anticipated natural gas shortage through strategic contracts and infrastructure developments. Important projects, such as the regasification facilities in Buenaventura and Buga, are key to ensuring adequate supply and supporting the energy needs of millions. Ecopetrol’s investment in exploration further underscores its commitment to the sector’s sustainability and growth.
Original Source: www.offshore-energy.biz
