Colombian power companies to invest $350 million for gas plant on the Pacific

Three Colombian electric power generators are together proposing a liquefied natural gas (LNG) import terminal on Colombia's Pacific Coast to insure gas supplies to the country.

Planning for the $350 million LNG facility is in advanced stages, said Eduardo Pizano, president of NaturGas, Colombia's largest natural gas
industry association.

The project is in response to a 2010 report by Colombia's Regulatory Commission for Energy and Gas that warned of an upcoming gas shortage that could be exacerbated by El Niño climate conditions.

Source: Platts