LNG

May 8 (LNGJ) - AES Corp. of the US and French utility Engie have agreed to proceed with a joint venture to market LNG to third parties in Central America. The joint venture will utilize the Costa Norte LNG terminal currently under construction in Colon, Panama. The capacity of the Costa Norte facility is around 1.5 million tonnes per annum, of which one quarter will be required for the nearby AES gas-fired power plant. Engie will supply 400,000 tonnes of LNG for the power plant beginning in 2018. “The remaining terminal capacity is primarily available for the joint venture to market and sell to third parties, including up to 0.7 MTPA of LNG sourced from Engie, mainly through the Cameron gas liquefaction project in the United States,” said AES. Both companies are already jointly marketing LNG in the Caribbean from the AES Andres regasification facility in the Dominican Republic.