LNG Distribution Agreed in Panama and Costa Rica

Colon LNG Marketing (a subsidiary of AES Colón) and Tropigas Natural, S.A. (part of the Tropigas group) signed the first contract to supply Liquefied Natural Gas (LNG) through the modality of loading by tanker truck for the markets of Panama and Costa Rica.

Monday, June 8, 2020

Elcapitalfinanciero.com reports that "... The agreement allows the use of a clean fossil fuel to provide energy solutions to all types of industry such as food, beverage, manufacturing in general, as well as energy producers, shops, land and sea transport, and the hotel industry."

"... Miguel Bolinaga, president of AES in Panama, said 'we are pleased with this important LNG distribution agreement that will allow us, together with our new strategic partner, to make available to Panama and Costa Rica a new fuel that will open new opportunities for the local and regional economy'."

AES Panama's LNG distribution center began operations in October 2019 in the province of Colon, and from there it is intended to supply the entire Central American region and the 381 MW thermal plant, located in the same place.

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More on this topic

A Natural Gas Terminal in the Pacific

December 2017

The Panama Canal Authority is evaluating constructing a Liquefied Natural Gas supply terminal on the Pacific Coast, with an investment that could be around $100 million.

Oscar Bazán, executive vice president of Planning and Commercial Development of the Panama Canal Authority (ACP), told Elcapitalfinanciero.com that "...

Panama: 400,000 tons of LNG Could Be Imported per Year

March 2016

The company Engie has also announced the construction of a plant with storage capacity of 180,000 cubic meters for the generation of 350 MW.

From a statement issued by Engie:

ENGIE announces the signature of a binding Memorandum of Understanding with Gas Natural Atlántico, under which ENGIE will supply up to 400,000 tonnes of LNG per year from 2018 on a 10-year period at Costa Norte LNG Terminal in the Colon Province, Panama.

Panama Canal Seeks Customers in Gas Sector

January 2015

The Maritime Authority has signed an agreement with the Port of Lake Charles, Louisiana, USA, as part of the strategy to attract new customers within the logistics sector for liquefied natural gas.

From a statement issued by the Panama Canal Authority:

The Panama Canal has signed a cooperation agreement with the Port of Lake Charles, Louisiana, United States, as part of the strategy to attract new customers in the market for liquefied natural gas (LNG) taking advantage of the benefits afforded by use of the expanded Canal.

More Natural Gas in Costa Rica

October 2012

The state fuel company Recope will begin importing natural gas within 6 months, to sell it to industrial clients.

According to Jorge Rojas, general manager of Recope, research is still being conducted over how many tons of gas will be brought into the country and at what prices it will be marketed locally.

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