LNG

Sinolam LNG Terminal and Sinolam Smarter Energy LNG Power Co. have filed a $4 billion lawsuit in Virginia against AES Corporation and partners, accusing them of a scheme to dominate Panama's LNG-to-power market.

Panama’s $1.15 billion AES Colón venture, an integrated LNG import terminal and power plant, is due to start full commercial operation on September 1. Investors inaugurated the project this week.

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.

AES Corp. of the US said its LNG import terminal at Punta Caucedo in the Dominican Republic has completed modifications to enable reloading and exports of shipments to the Caribbean and Central America.

Sept 30 (LNGJ) - The 138,000 cubic metres capacity vessel “British Trader”, operated by BP Shipping, will deliver a cargo on October 5 from Trinidad's Point Fortin export terminal to the AES Andres import facility at the port of Caucedo in the Dominican Republic. The 160,000 cubic metres capacity ship “Cool Runner” will unload a cargo on October 2 at the Brazilian import terminal at Guanabara Bay, near Rio de Janeiro, delivered from the Bonny Island plant in Nigeria.

AG&P has intensified talks with private developers of LNG facilities that can deliver 5 to 20 MW of decentralised power. “The rule-of-thumb for LNG is $1 million/MW for small-scale projects,” president Albert D. Altura said commented.