Colombia and Jamaica have started importing LNG, but this will not reverse declining demand for the fuel in Latin America.
Colombia installed its first FSRU at the port of Cartagena in November, and the vessel will enter commercial operations in December. The FSRU, provided by Höegh, is under a minimum 10-year contract and has a regasification capacity of 11.32 MMcm/d. Colombia is also expected to begin receiving 1.42 MMcm/d from Venezuela via the Antonio Ricaurte pipeline in December. Colombia exported gas to Venezuela via the pipeline until the middle of last year, but growing domestic demand and falling production has forced it to start importing gas and LNG.