Caribe LNG has signed a finance deal with ArtCap Strategies (ArtCap), a Cayman Islands based private credit platform, to enable the development of Colombia’s first fast-track FSU-based LNG import terminal.
This finance facility is tied to the project’s FSU and key ancillary infrastructure.
It forms part of a broader capital structure that includes plans for arranging long-term senior debt facilities.
“This partnership with ArtCap accelerates our ability to deliver a transformative project that strengthens Colombia’s energy security,” said Pablo Tribin, Managing Partner of Caribe LNG.
“With domestic gas production in decline and hydro-electric reliability threatened by El Niño, Colombia urgently needs a reliable, scalable solution. ArtCap’s commitment is a strong endorsement of our vision and provides the financial foundation to deliver on it,” he said.
“Caribe LNG represents the type of critical infrastructure project that aligns with our investment philosophy,” added Hieu Pham, ArtCap Managing Partner. “As a long-term capital partner, we are proud to provide innovative financing solutions that support timely execution, ensure Colombia meets its energy needs, and enhance LNG integration across the region.”
