EXMAR has signed contracts with Regasificadora Del Pacífico S.A.S. (RDP) for the deployment of a floating storage unit (FSU) on Colombia's west coast, marking a significant development in the country's energy infrastructure. The agreement supports RDP's fast-track LNG import solution in the inner bay of Buenaventura.

Project Structure and Operations

The Buenaventura LNG project operates under a term contract that RDP signed with Ecopetrol S.A. in February 2025 to provide regasification and logistics services for a volume of 60 million cubic feet per day (MMCFD) of gas. The solution centers on deploying a floating LNG storage and offloading unit where LNG will be loaded from LNG carriers and offloaded into isotainers for transportation to the port of Buenaventura D.E. by barge.

The isotainers will subsequently be loaded onto trucks and transported to the regasification plant in Buga, where the LNG will be regasified and injected into the National Transport System. This solution enables Ecopetrol to introduce a new source of imported gas to Colombia, contributing to the country's energy security.

Contract Terms and Implementation

EXMAR will lease the FSU to RDP under contracts with a duration of 5 years firm, with options to extend. EXMAR's experienced operation and maintenance teams have been entrusted with the management of the FSU. The contracts were signed in Eemshaven, the Netherlands, during a visit by Colombian stakeholders to the LNG import facility of EemsEnergyTerminal, where EXMAR's Eemshaven LNG is deployed.

The Buenaventura LNG project and its underlying contracts with EXMAR remain subject to a final investment decision and other customary conditions of precedent, which are expected to be fulfilled in Q4 2025.

Leadership Perspectives

EXMAR's CEO, Carl-Antoine Saverys, expressed enthusiasm about the partnership, stating: “EXMAR is excited to embark on this journey with the experienced project development teams of the RDP group. We are confident that the combined strengths of EXMAR's expertise and RDP's project development experience in Colombia will offer an innovative LNG import solution.” RDP's President, Oscar Isaza, highlighted the significance of the agreement:

“The signing of this contract not only marks a milestone for RDP as a maritime logistics company, but it is even more significant and decisive to have the endorsement of more than 60 community, union, educational, and institutional leaders from Buenaventura and Buga. For RDP, it is essential to partner with EXMAR to coordinate and implement the project responsibly. Today, we strengthen the integration of both companies and demonstrate the sustainable development we can achieve by working together.”

Company Backgrounds

EXMAR operates as a provider of floating solutions for the operation, transportation, and transformation of gas, owning a fleet of 40 LPG/ammonia carriers and various floating LNG and offshore infrastructure solutions. The company creates economically viable and sustainable energy value chains in long-term alliances with first-class business partners and serves as the world's largest independent transporter of ammonia, building upon experience and knowledge gained from more than four decades of gas shipping.

Regasificadora Del Pacífico S.A.S. (RDP) is part of the Puerto Inversiones y Obras S.A.S. (PIO) group and was established to provide a timely solution for Colombia's natural gas supply crisis, which is projected to affect the country in 2026 and has been designated as a Problem of National Interest. RDP will guarantee the supply of more than 60 million cubic feet per day of natural gas, contributing decisively to the diversification of supply sources and energy reliability, with Buenaventura and Guadalajara de Buga in Valle del Cauca serving as a new energy hub.

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