Liquefied natural gas is a fundamental input for the reliability of the service for all Colombians

Faced with the import of Liquefied Natural Gas (LNG) into the country and considering its relevance to the electricity sector, and the reliability of the energy service it generates for all Colombians, the National Association of Generating Companies (Andeg), Tebsa Termocandelaria, Prime Energía and the Sociedad Portuaria El Cayao (SPEC LNG) declare:

• Colombia is a country with a predominantly hydraulic energy matrix that is complemented by thermal generation. To date, the country is facing a critical and extraordinary situation due to the fact that the level of the reservoirs is in the order of 32%, the lowest in the last 25 years, which creates a situation of risk in the electricity supply in a near future conjuncture due to extreme climatic variations such as the El Niño phenomenon.

• Imported Liquefied Natural Gas (LNG) has made it possible to maintain a reliable, economic and safe operation for the thermal generation park in the country and particularly that of the Caribbean coast, the area of greatest operational complexity given the well-known conditions in the provision of service for more than two million residential, industrial and commercial users.

• The regasification of LNG in the SPEC LNG terminal in the city of Cartagena allows complementing the supply of national natural gas through a regulated scheme defined by CREG, based on the savings that the country obtains by generating energy with natural gas and not with liquid fuels that are much more expensive; This decision has allowed Colombians to save more than USD1,000 million (COP3.8 billion) in power generation. The payment that electric power users are making in exchange for the aforementioned benefit is of the order of 1.2 $ / Kwh, equivalent to around 200 pesos a month in the energy bill of a Colombian family, in exchange for ensuring this resource and protecting the country facing the possibility of a blackout.

• Since its start of operation in 2016, the regasification terminal has provided reliability for the generation of national electrical energy, supporting the 2,000 MW that represent around 80% of the country’s gas thermal generation capacity, thus maintaining a matrix of competitive and clean energy.

• So far in 2020, the regasification terminal has contributed so that gas-fired thermal generation contributes up to 22% of the national energy demand, with the delivery of more than 7,000 million cubic feet of natural gas to the main plants thermal plants and the receipt of more than 400,000 cubic meters of liquefied natural gas through 9 methane tankers of liquefied natural gas.

• The entire Colombian thermal park, and particularly the one on the Caribbean coast, is ready, available and prepared to generate the energy required by all Colombians and thus also contribute to recovering the level of the reservoirs to the ranges that allow generating again with hydraulic plants.

About the National Association of Generating Companies (Andeg)

Guild created in November 2010, in which 13 electricity generating companies located in Colombia congregate. Among its affiliates are private and public domiciliary public utilities, which represent 4,031 MW of effective generation capacity, corresponding to 22% of the total national installed capacity. These companies have a firm energy of 35,311 GWh-Year to deliver to the system, which corresponds to 49% of the total commercial demand for the year 2019.

About Termobarranquilla S.A. E.S.P. (Tebsa)

Tebsa is the largest thermal generator in Colombia, with a net effective capacity of 918 MW that covers about 12% of the national energy demand and 45% of the Caribbean demand. Additionally, it is the largest consumer of natural gas in the country, with the capacity to consume more than 20% of total gas production in Colombia. Located on the banks of the Magdalena River, municipality of Soledad, department of Atlántico. It is the support of the electrical system with its contribution in firm energy backed by natural gas, which frames it as a reliable and efficient agent.

About Termocandelaria S.C.A. E.S.P.

Termocandelaria is the most modern plant in Colombia and is located in the Mamonal industrial zone in Cartagena de Indias. It currently has a capacity of 314 MW backed by two gas-generating units with simple cycle technology. Once its combined cycle expansion and closure project ends in 2022, it will have three units and a capacity of 566 MW without further increase in gas consumption, which will make it the most efficient plant in the country.

About Prime Termoflores S.A.S. E.S.P

Prime Termoflores is the second largest gas-fired thermal generator in Colombia, with a net effective capacity of 610 MW that covers about 8% of national energy demand and 30% of Caribbean demand. Additionally, it consumes 12% of the national gas demand and actively uses the liquefied natural gas terminal to support the energy needs of the demand in Colombia. Its main mission is to provide backup services to the Colombian energy system through reliable, efficient and competitive energy based on natural gas. Prime Termoflores is located in the city of Barranquilla, in the department of Atlántico.

About the El Cayao Port Society (SPEC LNG)

Sociedad Portuaria El Cayao – SPEC LNG is the company that provides receipt, storage and regasification services for liquefied natural gas to the main thermal plants in the Caribbean region from its port terminal located in Barú. The regasification terminal has a storage capacity of 170,000 cubic meters of LNG and a regasification capacity of 400 million cubic feet per day of natural gas. The regasification plant is a pioneer of Liquefied Natural Gas (LNG) in the country, generating opportunities for the development of this industry in the national and international market.

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