05/12/2016

INAUGURATION

With a capacity of 400 million cubic feet of liquefied gas per day



the president of Colombia, Juan Manuel Santos, inaugurated the first regasification terminal in Cartagena de Indias, executed by Sacyr Industrial, along with the president of Sacyr, Manuel Manrique; the chief executive officer of Sacyr Industrial, Pedro Sigüenza; and other political and business authorities. With an investment of $150 million, this terminal will help boost Colombian competitiveness and the development of the Caribbean coastal region.

The Sacyr Industrial contract, awarded by Sociedad Portuaria el Callao, which is partially formed by Colombiana Promigas, and the management companies of the Barranquilla and Candelaria power plants, will include the construction and commissioning of a liquefied natural gas import terminal with the capacity to handle 400 million cubic feet of liquefied gas per day, which, after being regasified, will be transported to Colombia's national compressed gas distribution system, with a thermoelectric generation capacity of 2000 MW, equal to one fourth of Colombian consumption.

The installation includes the LNG import terminal and the gas pipeline that will carry the imported gas from the bay of Cartagena de Indias to Colombia's National System for Natural Gas distribution.

At the opening event, President Santos highlighted the fact that this terminal 'increases the reliability of the national electricity supply to meet the demand, even during periods of drought'. And he added: 'Today we are inaugurating this important project which will be efficiently meeting gas requirements. But even more important is the technology that was used: cutting edge technology which will allow us to export', he stated.

This regasification terminal, which meets sustainable development and environmental protection criteria, will provide a greater supply of natural gas, thus improving the reliability of the national electricity supply. Via a 10 kilometer pipeline, the imported gas will reach the National Distribution System at Mamonal; the liquefied gas is then received, stored and regasified in the floating vessel for subsequent shipment to thermoelectric agents.

This project, the first of its kind in Colombia, reinforces the strength of the Colombian Energy System and allows guaranteeing operational continuity at the five generation plants along the Colombian coast in order to satisfy the new energy demands of the area.

The successful completion of this project consolidates and strengthens the position of Sacyr Industrial in the oil & gas sector, having already completed projects Peru, Bolivia and Spain, as well as others in Panama, Ecuador, Bolivia, Colombia, Mexico, United Kingdom and Spain involving electrical infrastructures, power stations and waste treatment plants.

Sacyr SA published this content on 05 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 December 2016 14:41:14 UTC.

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