Colombia banks on Caribbean bounty

By Chris Noon 9 May 2017
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The Höegh Grace FSRU, chartered by Colombia. The country may still build a second LNG import facility despite the recent offshore discoveries.  (Höegh) 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 Santos said last week that Gorgon 1 was the country’s largest gas discovery for 28 years and that the find raised the prospect of gas self-sufficiency.

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