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.