Duo Inks LNG Trucking Deal for Panama and Costa Rica

Source: www.gulfoilandgas.com 6/8/2020, Location: South America

Colon LNG Marketing and Tropigas Natural signed a deal to distribute liquefied natural gas via trucks in Panama and Costa Rica. Under the deal, the two companies will supply chilled fuel from the AES-operated LNG import terminal in Colon, Panama to regional customers in the transport, trade, and energy sectors.

Colon LNG Marketing is a unit of US energy company AES while Tropigas Natural is a distribution business owned by the Dominican-based gas and power company Tropigas.

AES, via AES Colon, has a 50.1 percent stake in the Costa Norte LNG import terminal in Colon while the other 49.9 percent share belongs to Inversiones Bahia.

Panama’s first LNG import terminal consists of a 180,000-cbm tank and a 381 MW combined cycle power plant. The tank reached commercial operations in 2019 allowing Panama to become a regional LNG distribution hub.

AES Colon has invested a total of $1.15 billion in the LNG facility located near the Atlantic entrance of the Panama Canal.

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