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Electric Power, LNG, Natural Gas
January 13, 2025
HIGHLIGHTS
BP, Shell-chartered LNG carriers show Colombia as destination
No volumes imported in January as of Jan. 3: SPGCI
Colombia broke yearly, monthly LNG import record in 2024
Colombia is poised to receive its first LNG imports of 2025, with two LNG carriers listing the country's SPEC LNG import terminal in Cartagena as their destination, data from S&P Global Commodities at Sea showed Jan. 13.
One of the carriers, the Shell-chartered Pearl LNG, arrived off the coast of Colombia on Jan. 13, listing Cartagena as its destination, CAS data showed. The carrier is loaded with a 70,000 mt cargo sourced from Trinidad and Tobago's Atlantic LNG facility on Jan. 9, data from S&P Global Commodity Insights showed.
A second carrier, the BP-chartered Celsius Granada, is en route to Cartagena with an estimated arrival date of Jan. 15. This carrier also appears to have loaded a cargo in Trinidad and Tobago between Jan. 10-12, based on its indicated draft upon arrival and departure from Atlantic LNG, the country's sole LNG production facility.
The date of the first import delivery of 2025 into SPEC terminal remains unclear.
"No deliveries were expected for Jan. 13," a source close to the situation said on the same date.
A spokesperson for Shell declined to comment on the potential delivery. BP and Calamari LNG, Colombia's sole LNG importer, did not immediately respond to separate requests for comment on the deliveries.
Colombia has not imported any LNG volumes so far this month as of Jan. 13, Commodity Insights data show. Rainfall at the end of December temporarily reduced the country's LNG demand into January, a source previously said.
Another carrier, the BP-chartered Celsius Geneva, was originally expected to deliver in Colombia, according to the second source, but diverted to Turkey on Jan. 9. The carrier had been looping around the Caribbean Sea, listing SPEC LNG as its destination since early Jan. 2, prior to the diversion.
In 2024, Colombia broke both its annual and monthly LNG import records. The country imported 94.33 Bcf in 2024, up from 36.30 Bcf the previous year, Commodity Insights data showed on Jan. 13. Monthly imports hit their highest level in December, totaling 15.17 Bcf.
LNG imports in 2024 reached their lowest level in June, at 1.18 Bcf, at the end of the El Niño-driven drought that had spurred an import spree from September 2023 to May 2024.
Colombia's LNG imports typically fuel three power plants in the country's northern region, dispatched during periods of lower hydropower generation. In November 2024, the country imported its first cargo for domestic gas supply use, which Calamari procured for gas trader TPLGas. One of the December cargoes was also imported for this purpose, a source previously said.
LNG carriers to Colombia often have to wait several days to deliver their cargoes or discharge them due to the storage capacity of the terminal's floating storage and regasification unit and the country's regasification needs, sources previously said.