09-05-2024
Black & Veatch delivers feasibility study for Andes Energy LNG Terminal
Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification terminal and power plant.
The study assessed site suitability, project design requirements, capital and operating costs, financial viability, financing options, climate resilience, and implementation and construction plans. Beginning with a site assessment that focused on the landscape of the area, regulatory restrictions and accessibility, the study then moved into design and financial estimates and planning. The study’s final phases assessed climate resilience and mitigation, and financial modeling and analysis.
“Black & Veatch’s more than 45 years of experience in developing projects in Latin America and over 100 years of experience in critical infrastructure aligned our team perfectly to assess the Andes Energy Terminal (AET),” said Laszlo von Lazar, president of Black & Veatch’s energy and process industries business. “Working with the AET team to strategize around the project and its capacity to serve southwest and central Colombia’s energy needs displays our global commitment to delivering safe and reliable energy.”
The project is near the port city of Buenaventura on Columbia’s Pacific coast, within an area designated for industrial and port expansion; it has been developed by the AET sponsor group as an independent, fully private endeavor. It consists of an LNG terminal for receiving imported LNG, land-based regasification plant, LNG truck loading terminal, power plant and associated gas and electrical transmission infrastructure.
“It is a reality recognized by Ecopetrol and by the ministry of Mines & Energy that Colombia will face a natural gas deficit starting in 2025 — a deficit that is expected to worsen gradually until most of the gas that the country consumes will have to be imported,” said Manuel Tenorio, the Andes Energy Terminal’s chairman.
“The solutions of imported gas from Venezuela or the exploitation of offshore fields in the Colombian Caribbean are not practical or realistic solutions to this crisis,” Tenorio added. “Unless LNG import and regasification capacity is expanded in the near term with new infrastructure in Buenaventura, the Colombian industry and households, particularly in the southwest, will suffer the consequences of this looming shortage of gas. The regasification pant in the Pacific coast is an undeniable need, and we are in a privileged position to be able to deliver the solution to this challenge with the Andes Energy Terminal project.”
News Category:
-
Alfa Laval receives approval in principle for its gas combustion unit for hydrogen boil-off gas
Alfa Laval has achieved a significant milestone in the development of its Gas Combustion Unit (GCU) technology for hydrogen boil-off gas, having received Approval in ...
05-09-2024
-
ADNOC and ExxonMobil signing ceromny of for low-carbon hydrogen facility
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has witnessed the signing of an ...
04-09-2024
-
Black & Veatch to identify CCUS opportunities in Vietnam
Black & Veatch, a global leader in critical infrastructure solutions, is evaluating the feasibility and readiness of deploying carbon capture, utilization and storage ...
03-09-2024
-
Shell and Akselos sign enterprise agreement for structural performance management
Akselos, the leading provider of Structural Performance Management software, is pleased to announce a strategic enterprise agreement with SHELL INFORMATION TECHNOLOGY ...
28-08-2024
-
DNV survey shows half of energy organizations preparing to integrate AI in the coming year
Nearly half of senior energy professionals plan to integrate Artificial Intelligence (AI)-driven applications into their operations in the coming year, according to a ...
27-08-2024
-
Technip Energies to design groundbreaking low-carbon hydrogen facility for bp in the UK
Technip Energies has been awarded the Front-End Engineering Design (FEED) contract by bp for the H2Teesside project in the North East of the United Kingdom. H2Teesside ...
27-08-2024
-
ADNOC deploys pioneering AI-enabled process optimization technology
ADNOC announced today the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology. Neuron 5 was developed by ADNOC and ...
27-08-2024
-
EET Fuels appoints Wood to progress to FEED stage for its Hydrogen fuel switching project
EET Fuels, which plans to create the world’s leading low carbon process refinery, has progressed to the front-end engineering design (FEED) stage of its Hydrogen Fuel ...
27-08-2024
-
Various aspects of instrument safety that should be considered in a chemical plant
Safety is more than just SIL (Safety Integrity Level) but it comes up first in most discussions when Safety is mentioned. In fact, plant safety includes several factors ...
27-08-2024
-
PPG today announced the launch of PPG PITT-THERM® 909 spray-on insulation coating. This silicone-based coating is designed for high-heat environments in the oil and ...
22-08-2024