PROMIGAS S.A. E.S.P.

PROMIGAS
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Promigas Expands Fuel Transport Infrastructure

03/03/2020 | 12:00am
As a cause of the intense summer that has been presented in recent days in the country, the level of reservoirs has reached low levels, this week being 44%. This means 7,901.78 gigawatt hours (GWh) of useful volume in hydroelectric generation, which required an increase in the thermal park's share to meet the country's demand for electricity. Against this backdrop, the Thermocandelaria and Prime Thermoflores thermoelectric plants (called the Thermal Group), so far in 2020 have imported 202,800 cubic meters of liquefied natural gas into 4 methane vessels through the SPEC LNG regasification plant, located in Cartagena, a subsidiary of Promigas, in order to meet the demand for this fuel that they require to support the generation and supply of energy in the country at this time of low hydrology. SPEC LNG has been instrumental in supplying natural gas to thermoelectric plants, reaching record regasification figures in a day of 214 million cubic feet, thus supplying more than 20% of the country's daily demand for natural gas at this time. In addition, Promigas has launched a new project to expand its gas transport infrastructure, better known as 100 MPCDDs, with an investment of close to $650 billion and comprising two compressor stations (Paiva and Philadelphia) and more than 200 km of pipeline along the Atlantic coast. Also highlighted is the project of the directed horizontal crossing of the Canal del Dique, 3.4 km and considered the longest in Latin America and eighth worldwide. The SPEC LNG terminal is the only LNG gateway to Colombia from different sources around the world and was designed to ensure that the country's energy system is aligned with the consumption pattern of thermal generation, ensuring the reliability of the electric service. Spec LNG's current regasification capacity is 400 million cubic feet of natural gas.
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