Costa Rica to Invest $155 Million in Gas Plant

With the new plant, the country will double its storage capacity for liquefied petroleum gas.

Monday, August 3, 2009

Gabriela Montes de Oca is the head of this project in Recope, the state owned energy company. She assures the plant will save the country $8 million in freightage costs.

"... the project will be financed by the Central American Economic Integration Bank, through a trust... An EPC system will be used (Engineering, Provide, and Construction), but once the work is finished, Recope will lease it out, with a purchase option, for a 12 year term".

More on this topic

Costa Rica: LPG Storage Contract Awarded to Felguera

January 2011

The State refiner awarded the Felguera group the construction of the new infrastructure for storing liquefied gas.

I.H.S.A. Felguera Spain won the tender and will be responsible for the design, purchase of materials and construction of six storage facilities of 250 m3 each.

Four Bids for Liquefied Petroleum Gas Storage

December 2011

The Costa Rican Oil Refinery has received four bids for the tender for the project "System and Storage of Liquefied Petroleum Gas (SAGAS)."

A press release by Recope states:

Bids were opened on November 8, 2011for the public procurement tender number 2011LN-000009-02 for the four areas and related works on the project entitled ‘System Storage and Liquefied Petroleum Gas (SAGAS)’ where offers were presented by four companies from which the most suitable will be selected by the Costa Rican Oil Refinery (RECOPE SA)

Colombian Company Pacific Rubiales will Export Gas to C.A.

January 2010

On mid-2010, the company will begin shipping 30 million cubic meters of compressed gas to Panama each day.

The announcement was made by Pacific Rubiales president Ronald Pantin, who explained that the gas will be used to supply gas-fired generation plants.

"The product will be transported by boat, from the Caribbean port of Coveñas, to the "La Creciente" fields in the department of Sucre, located in the country's northwest.

Conversion to Gas in Costa Rica

November 2012

The Costa Rican government has declared the importation and distribution of natural gas to be of public interest, and is promoting the conversion of power plants, the automotive fleet and industry.

While it is not yet clear whether the state-owned monopoly RECOPE (Refinadora Costarricense de Petróleo) will manage trade in natural gas, the government of Costa Rica announced that within six months it will be importing liquefied natural gas.

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