Black & Veatch will conduct studies for an LNG terminal in Colombia
Black & Veatch, a leading provider of low carbon energy infrastructure solutions, has been selected to conduct the technical, engineering and commercial studies of the Andes Energy Terminal (AET) located in the Peninsula of Aguadulce in Buenaventura, Colombia. The study will build on the commercial and technical work previously carried out by the sponsors and will focus on the development of an LNG regasification facility and 400 MW of production assets powered by natural gas, in order to provide electricity. reliable to cities in central and southwestern Colombia.
With the return of economic growth in many sectors and robust GDP projections, Colombia is expected to experience power generation shortages in 2022 and continued natural gas deficits by 2023, even as global production of LNG is skyrocketing. The AET aims to help Colombia’s energy transition to more sustainable energy sources and to strengthen the resilience and reliability of an electricity grid heavily dependent on hydropower generation assets subject to weather-related production variations. In addition, AET is looking to develop a large-scale data center and new liquid fuel storage facilities, including infrastructure to meet the emerging opportunity in the hydrogen market.
“Our energy terminal reflects a forward-looking approach to meeting Colombia’s energy and data infrastructure needs,” said Manuel Tenorio, president of Andes Energy Terminal. “By combining fuel supply, efficient and sustainable power generation, storage and data infrastructure in one place, we can achieve significant efficiency gains to reduce the overall environmental footprint of the project and provide a solid base for much-needed investments in the southwestern region of Colombia. ”
The AET is strategically located in Buenaventura Bay, providing an opportunity to build a multipurpose infrastructure project taking advantage of a natural deep water port that offers ease of access, rights of way and simplified permits in because of its location near the port of Buenaventura. The port is considered the main foreign trade port in Colombia with around 65% of international freight mobilized through its facilities.
The feasibility studies, which are funded by a grant from the United States Agency for Trade and Development (USTDA), will verify the suitability of the proposed project site, define project design requirements, and estimate investment costs. and operation. It will also assess financial viability and define financing options while preparing a detailed implementation and construction plan.
Black & Veatch, founded in 1915, is a global engineering, procurement, construction (EPC) and consulting company specializing in infrastructure development in the fields of energy, oil and gas, water, telecommunications, government services, mining and data centers. Black & Veatch is the 7e the largest majority employee-owned company in the United States and ranked # 2 in energy design by Engineering News-Record, which annually compiles and publishes rankings of the largest construction and engineering companies, measured by gross income. The company has more than 100 offices around the world and has executed projects in more than 100 countries on six continents.
Andes Energy is also partnering with a global provider of strategic energy solutions, which will provide equipment, solutions and services for the power plant. The undisclosed partner is active in more than 180 countries, with its technology producing a third of the world’s electricity. “As noted, this project provides the kind of comprehensive planning essential to accelerate the energy transition and enable greater grid resilience through a more connected infrastructure,” said Oscar Falcon, General Manager Latin America for the business. Electric from Black & Veatch. “In Central and South America, developers of ambitious projects like the Andes Energy Terminal are demanding thoughtful assessments by trusted experts in everything from LNG and power generation to energy storage and emerging technologies. Our expertise in the electricity market provides the bond developers and investors need to undertake projects of this scale and complexity. ”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/04062021/black-veatch-to-conduct-studies-for-lng-terminal-in-colombia/