Buenaventura-Yumbo Gas Pipeline
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Buenaventura-Yumbo Gas Pipeline is a proposed gas pipeline running from the Port of Buenaventura, Colombia to Yumbo, Colombia.
Location
The pipeline would start at the Pacific LNG Terminal near Buenaventura, Colombia and run to Yumbo, in Valle del Cauca department, Colombia, where it would connect with the Mariquita-Cali branch of the TGI Pipeline Network.[1]
Project Details
- Owner: to be determined through government tender
- Parent company:
- Capacity: 400 million cubic feet per day (MMcfd)[2][3]
- Length: 100 km[2][4]
- Diameter:
- Status: Proposed
- Start Year: 2026[2]
- Financing:
Background
Originally proposed in 2017, the Buenaventura-Yumbo gas pipeline is to be built in conjunction with the new Pacific LNG Terminal in the Bay of Buenaventura on Colombia's Pacific coast. The proposed LNG terminal would receive imported natural gas from Peru to meet a projected increase in gas consumption in coming years. The pipeline, with an estimated length between 75 and 110 kilometers[2][4][5] and a capacity of 400 MMcfd[2][3], would connect the LNG import facility to Yumbo, Valle del Cauca in southwestern Colombia. The pipeline's anticipated cost is US$250 million[3], while the total project cost including the LNG terminal has been estimated at up to US$700 million.[6]
In November 2018, the Colombian government announced its initial plan to launch a tender for the gas pipeline and LNG terminal project.[7] In July 2020, after a series of delays, the government relaunched the tender process. Under the new tender timetable, potential investors were to place bids with Colombia's mining and energy planning agency (UPME) by February 2021, with a single bidder to be awarded a BOO contract for construction and operation of both the FSRU and the pipeline in March 2021. Plans called for both the pipeline and the LNG terminal to be operational between 2023 and mid-2024.[4][5] Colombian pipeline operator TGI was reportedly contemplating a bid for the project as of 2020.[8]
In October 2021, UPME announced that it had canceled its tender for Pacific LNG terminal and pipeline project due to lack of interest.[9][10][11] Analysts have cited several potential reasons for the unsuccessful tender, including the project's complexity and high financial risk factor, seismic threats, changing economic conditions, and opposition from domestic gas producers and environmentalists.[10] However, UPME did not rule out reviving the tender process at a future date.[10][11]
In late 2022 the process was re-launched under new guidelines, including doubled terminal storage capacity (from 100,000 m3 to 200,000 m3), lower barriers to application, and clearer process details.[12][13][14][15] As of September 2022, the Colombian government was set to receive economic offers in March 2023 and announce the final recipient of the contract by May 2023.[16]
In late February 2023, faced with limited interest from investors, the Colombian government announced a new bidding deadline of June 8, 2023[17][18], and in May 2023 the deadline was pushed back to July 6, 2023.[17][19] In June 2023, the deadline for submission of bids was postponed yet again, this time until August 10, 2023.[20][21]
As of March 2024, the LNG terminal and pipeline project remained in limbo following yet another unsuccessful attempt by the government to attract bidders at the end of 2023. Investors' reluctance to bid on the project appeared to hinge on lack of clarity in government investment guidelines, coupled with concern about social and environmental challenges facing the pipeline.[22]
In June 2024, Colombia's energy planning agency UPME announced that it was making regulatory changes designed to facilitate another government tender for the project in 2025.[23]
Opposition
Opponents of the Buenaventura-Yumbo pipeline project have objected to its completion on various grounds, including environmental concerns about bringing Qmax ships into the protected waters of Buenaventura Bay, logistical concerns about the Pacific LNG Terminal's proximity to military installations on Isla Naval, and economic concerns related to the high cost of imported natural gas.[24]
Articles and resources
References
- ↑ "2018: Sudamérica prepara licitaciones de transporte de hidrocarburos". BNamericas. January 4, 2018.
{{cite web}}: CS1 maint: url-status (link) - ↑ 2.0 2.1 2.2 2.3 2.4 "Impulsar la planta de regasificación del Pacífico". Ministerio de Minas y Energía. Retrieved 2023-07-19.
{{cite web}}: CS1 maint: url-status (link) - ↑ 3.0 3.1 3.2 "La licitación de la planta y el gasoducto de Buenaventura saldría en dos meses". La República. August 26, 2019.
- ↑ 4.0 4.1 4.2 "Investors eye LNG project in Colombia | News | IJGlobal". IJGlobal. February 25, 2020.
{{cite web}}: CS1 maint: url-status (link) - ↑ 5.0 5.1 "COLOMBIA RELAUNCHES BID PROCESS FOR PACIFIC LNG IMPORT TERMINAL". Shearman & Sterling. July 15, 2020.
- ↑ "Colombia's LNG terminal finally moves | News | IJGlobal". IJGlobal. July 20, 2020.
{{cite web}}: CS1 maint: url-status (link) - ↑ "LNG Industry Annual Report" (PDF). GIIGNL. 2019.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Colombiana TGI mantiene interés por proyecto de GNL". BNamericas. May 27, 2020.
{{cite web}}: CS1 maint: url-status (link) - ↑ Colombia aborts Pacific LNG tender, BN Americas, Oct. 25, 2021
- ↑ 10.0 10.1 10.2 "UPME declara desierta la convocatoria para buscar el inversionista de la Terminal del Pacífico en Colombia". GN Global. October 25, 2021.
{{cite web}}: CS1 maint: url-status (link) - ↑ 11.0 11.1 "ACTA DE DECLARATORIA DE CONVOCATORIA DESIERTA - CONVOCATORIA PÚBLICA UPME GN NO. 01-2020" (PDF). UPME. October 21, 2021.
{{cite web}}: CS1 maint: url-status (link) - ↑ Torres, Mónica (19 July 2022). "Reapertura del proceso de selección del inversionista a cargo de la Terminal del Pacífico en Colombia ¿Qué ha cambiado?". GNL Global. Retrieved 28 October 2022.
- ↑ Morales Soler, Daniela (22 August 2022). "Los 'peros' que se mantienen sobre la Regasificadora del Pacífico". Portafolio. Retrieved 28 October 2022.
- ↑ "Los aspectos generales de la Regasificadora del Pacífico". Portafolio. 18 September 2022. Retrieved 28 October 2022.
- ↑ "Lista nueva convocatoria en Colombia para construir la regasificadora del Pacífico". Valora Analitik. 19 September 2022. Retrieved 28 October 2022.
- ↑ "In 2023 the Petro government will award a project to import gas through the Pacific". Semana. 30 September 2022. Retrieved 28 October 2022.
- ↑ 17.0 17.1 "Se volvió a mover recepción de ofertas para construir Regasificadora del Pacífico". Valora Analitik. May 24, 2023.
- ↑ "Colombia posterga licitación de proyecto de GNL en el Pacífico". BNamericas. February 23, 2023.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Colombia sets new date in multimillion-dollar Pacific LNG tender". Upstream Online. June 1, 2023.
- ↑ "Regasificadora del Pacífico | Vuelven a correr cronograma: ¿hay desinterés?". Valora Analitik. June 23, 2023.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Colombia establece nuevos plazos para licitación por proyecto de GNL". BNamericas. June 27, 2023.
{{cite web}}: CS1 maint: url-status (link) - ↑ "¿En qué quedó el proyecto de la planta regasificadora del Pacífico?". Diario El País. 2024-03-27.
{{cite web}}: CS1 maint: url-status (link) - ↑ Rubio, Lina Quiroga (2024-06-05). "Tercer intento para construir una planta de importación de gas por el Pacífico será en 2025". El Tiempo.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Los pecados que lleva a cuestas la regasificadora del Pacífico". Portafolio. February 4, 2020.
Related GEM.wiki articles
External resources
External articles
*add as many countries as the pipeline passes through
