Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has extended and expanded its services to LNG import terminal Sociedad Portuaria el Cayao (SPEC LNG) in Cartagena, Colombia.
Höegh LNG said the agreement with SPEC enables continuity and increase of energy supply through at least 2031, with both companies remaining committed to sustainable operations and reduced emissions over the coming years.
The Norwegian company noted that as Colombia faces a significant shift in its power requirements and a decline in domestic gas supply, LNG is positioned to continue supporting electricity generation and offsetting the projected natural gas deficit for industrial/residential demand.
Erik Nyheim, CEO of Höegh LNG, stated: “The renewal of our longstanding cooperation with SPEC LNG demonstrates how valuable floating terminals can be, as reliable, sustainable and scalable infrastructure solutions. We are pleased to help Colombia secure access to international LNG markets and ensure the reliability of its energy system.”
Jose Maria Castro, Managing Director of SPEC LNG, commented: “This positive news arrives at a crucial moment for Colombia. The extension of the FSRU services and the possibility of utilizing the regasification capacity of SPEC LNG up to 533 MMscfd will contribute to the long-term supply of natural gas and strengthen energy reliability in the country.”
To note, Höegh LNG’s FSRU Höegh Grace has been delivering LNG storage and regasification services to the SPEC LNG import terminal for the past seven years,