SeaOne To Build New Natural Gas Port & Infrastructure In Buenaventura, Colombia

US based SeaOne Holdings, LLC today announced that Colombia’s National Infrastructure Agency (ANI) has approved an initial 30-year port concession to its subsidiary Sociedad Portuaria Energética Multipropósito y Contenedores Puerto Solo Buenaventura S.A. better known as “Puerto Solo” for a multi-use energy hub port project located in the inner bay of Buenaventura, Colombia. According to SeaOne, this will be the region’s largest permitted Pacific coast energy hub and multi-use port development.

The Puerto Solo Energy Hub Port Complex intends to facilitate international trade by receiving and delivering imported natural gas to the Pacific region of Colombia, providing storage and pipeline infrastructure to store and deliver 1.8 million barrels of fuel into the Colombian market. In conjunction with the Puerto Solo port development, SeaOne also announced that its subsidiaries are developing 228 megawatts of low emissions power generation, with 80 MW in Buenaventura and 148 MW in the Cali suburb of Palmira.

Rendition showing fully expanded Puerto Solo Energy Hub Port Complex to be built in Buenaventura, Colombia

“Colombia’s vast economic potential is constrained by the need to expand the energy infrastructure to avoid an overall lack of economic development and investment. We are honored and proud to be working seamlessly with the Colombian government to address this persistent impediment to growth and prosperity. The world-class energy hub we are developing at Buenaventura will allow for energy independence in the region and help ensure stability through the importation of clean, efficient, and sustainable fuels. SeaOne is providing a direct connection to the U.S. natural gas and NGLs markets, ensuring long-term lower cost fuels for industry and power generation,” said SeaOne Chairman and CEO Forrest Hoglund.

Angela Maria Orozco, Colombia’s Minister of Transportation, stated: “After complying with the requirements of the environmental license, connectivity, and others that a project of such magnitude requires, the national government, headed by the National Infrastructure Agency (ANI), grants this new port concession that will facilitate international trade and the supply of gas in the interest of public service for all Colombians.”

Key, defining characteristics of SeaOne’s Puerto Solo Energy Hub Port Complex include:

Phase 1

• • Dock and Marine Infrastructure
  • NGL Receiving, Storage and Distribution Terminal
  • Refined Products Import/Export Terminal and Distribution Terminal

Phase 2

• • Integrated Natural Gas and NGL Receiving and Storage Terminal using SeaOne’s patented CGL system
  • Natural Gas, LPG, and Refined Product Pipelines to Cali

“In the short term, our Puerto Solo Energy Hub Port Complex is also a compelling economic development driver in the Buenaventura region. SeaOne’s initial project investment of more than $225 million (USD)will help create a large number of construction and sustainable long-term jobs. We look forward to working with federal and local governments and local communities to develop important social programs for the region. We are particularly proud of the small environmental footprint associated with our port and pipeline developments – a benefit that will help the region meet its sustainability objectives,” added Hoglund.

Above rendition showing fully expanded Puerto Solo Energy Hub Port Complex at Buenaventura, courtesy SeaOne Holdings.

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