Andes Energy LNG receives terminal feasibility study

May 13, 2024
Andes Energy Development Co. last week received Black & Veatch’s feasibility study for its planned Andes Energy LNG terminal (AET) and 400-Mw power plant, set for development along the Bay of Buenaventura, Colombia.

Andes Energy Development Co. last week received Black & Veatch’s feasibility study for its planned Andes Energy LNG terminal (AET) and 400-Mw power plant, set for development along the Bay of Buenaventura, Colombia, near the country’s Pacific coast.  The study assessed site suitability, project design requirements, capital and operating costs, financial viability, financing options, climate resilience, and implementation and construction plans.  

AET will use a floating terminal connected to a land-based regasification plant. Some of the imported natural gas will be used to fuel the power plant with the rest shipped as LNG through a truck-loading terminal also under development or as gas through local infrastructure. 

“It is a reality recognized by Ecopetrol and by the ministry of Mines & Energy that Colombia will face a natural gas deficit starting in 2025; a deficit that is expected to worsen gradually until most of the gas that the country consumes will have to be imported,” said Manuel Tenorio, AET’s chairman.  “The solutions of imported gas from Venezuela or the exploitation of offshore fields in the Colombian Caribbean are not practical or realistic solutions to this crisis,” Tenorio added.

Phase I of AET includes a 270-Mw simple-cycle gas turbine to be upgraded to a 400-Mw combined-cycle turbine in Phase II.