Duo inks LNG trucking deal for Panama and Costa Rica

Colon LNG Marketing and Tropigas Natural signed a deal to distribute LNG via trucks in Panama and Costa Rica.

Under the deal, the duo will supply LNG from the AES-operated import terminal in Colon, Panama to regional customers. These include the transport, trade, and energy sectors.

According to the two companies, this is the first such distribution deal in the region.

Furthermore, the deal will cater to the growing need of the regional market to produce goods and services by using more environmentally-friendly fuels.

Colon LNG Marketing is a unit of US energy company AES while Tropigas Natural is a distribution business owned by the Dominican-based gas and power company Tropigas.

AES Panama
Image: AES Panama

AES, via AES Colon, has a 50.1 percent stake in the Costa Norte LNG import terminal in Colon. The other 49.9 percent share belongs to Inversiones Bahia.

Panama’s first LNG import terminal consists of a 180,000-cbm tank and a 381 MW combined cycle power plant.

The tank reached commercial operations in 2019 allowing Panama to become a regional LNG distribution hub.

To remind, AES has invested a total of $1.15 billion in the facility located near the Atlantic entrance of the Panama Canal.

Most Popular

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

TotalEnergies inks initial Dominican LNG supply deal

France's TotalEnergies has signed a heads of agreement with ENADOM, the joint venture between AES Dominicana and Energas in the Dominican Republic, to supply liquefied natural gas (LNG) to the latter.

AES, Seaspan to launch Panama LNG bunkering ops in March 2025

In October 2023, the two firms joined forces to provide LNG as fuel for vessels from the AES-operated Costa...

AES wraps up stake sale in two LNG terminals

US energy company AES has completed the previously announced sale of minority stakes in its LNG import terminals in...

Crowley plans to launch Panama Canal LNG bunkering ops in 2024

US shipping and logistics company Crowley plans to start providing liquefied natural gas (LNG) bunkering services on the Pacific...