Colombia has begun receiving is first sustained imports of bulk liquid propane gas, with volumes expected to rise significantly in the coming years as the country’s natural gas reserves and output continue to decline. Juan Manuel Morales, an attorney and spokesman for G-5, a Bogota-based consortium including Colombia’s five largest LPG distributors, said Thursday the group took receipt of its first shipment of 1,600 mt on Novmber 14 at a port near Cartagena from Vitol, the London-based energy trading, refining, and transport firm. The LPG was produced by a US Gulf Coast refiner and delivered via bulk cargo ship. Terms of the six-month firm contract the consortium signed with Vitol, which has offices in Houston, call for the Colombian group to receive at least 4,000 mt/month of LPG through April. By mid-2019, Morales said imports likely will have doubled to 7,000-8,000 mt/month, possibly reaching 10,000 mt/month by 2022. So […]