Frontera announces agreement between Puerto Bahia and GASCO

The agreement covers the construction and operation of the LPG project and is expected to be in service by 2027. Frontera owns a 99.97% equity interest in Puerto Bahia.

Orlando Cabrales, CEO, Frontera, commented: "We are excited to enter into this agreement with Gasco to build and operate LPG facilities at Puerto Bahia. Through the agreement, Puerto Bahia and GASCO will bring LPG facilities on-line in 2027 to capitalise on increasing LPG supply deficits in the Colombian market at a time when the LPG market is expected to grow at 4% per year. These supply deficits present a unique opportunity for Puerto Bahia, in partnership with GASCO, to become the strategic destination for Colombian LPG imports.

Cristian Aguirre, General Manager (CEO), Gasco, commented: "This is an important project that we have been working with our team in Colombia, Puerto Bahía and Frontera. We consider that this project can fill a large part of the needs for LPG imports of the Colombian market, in the near future and in the long term. Let us remember that LPG is a base fuel for the energy transition and for the reduction of emissions worldwide; Additionally, in Colombia it is part of the fuel base used by industry, energy generation and residential use. We will continue working with all this great team -GASCO, Puerto Bahía and Frontera- to achieve the complete development of this important project and to start to offer to all the Colombian market a magnificent import facility for LPG as soon as possible."

Read the article online at: https://www.hydrocarbonengineering.com/refining/23072024/frontera-announces-agreement-between-puerto-bahia-and-gasco/