20 September 2019

Vopak acquires 49% stake in LNG import facility in Colombia

De Brauw acted as lead counsel to Vopak on its acquisition of a 49% share in Sociedad Portuaria el Cayao (“SPEC”) in Cartagena, Colombia. SPEC is the only LNG import facility in Colombia and has been in operation since 2016.

The LNG import facility consists of an LNG jetty, onshore infrastructure and a 9.2 km gas pipeline which connects SPEC to the national gas grid. A chartered FSRU is receiving the LNG and sending the gas on shore. SPEC holds long term contracts with three local gas-fired power plants.

The shareholders in SPEC are Promigas (51%) and Royal Vopak (49%).

De Brauw engaged Philippi Prietocarrizosa Ferrero DU & Uría for local Colombian law advice.

To discuss this matter further, please contact Anja Mutsaers at anja.mutsaers@debrauw.com

Photo: Vopak