Colombia banks on Caribbean bounty

Colombia, which is keeping the lights on with LNG imports, has made a vast find of offshore gas. But it could be several years before it can tap into the discovery
By Chris Noon 9 May 2017
The Höegh Grace FSRU, chartered by Colombia. The country may still build a second LNG import facility despite the recent offshore discoveries. (Höegh)

Bogotá hopes the recent Gorgon discovery off the Colombian coast could eventually help offset the country’s worsening supply shortage. But it could be as late as 2026 before gas is produced from the find, state-run Ecopetrol has told Interfax Natural Gas Daily.

Ecopetrol announced the gas discovery at the Gorgon 1 exploration well, which it shares with Anadarko Petroleum in deepwater acreage in the Caribbean Sea, earlier this month. An Ecopetrol spokesman said first gas could be produced in “seven to nine years”. 

Colombian President Juan Manuel...

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