The find comes as Colombian gas reserves have fallen to critically low levels, and a recent court ruling halted operations in a major existing gas field.
While the fall was slightly better than expected, the positive difference is likely not enough to radicalize the central bank into taking more drastic measures.
"We are pleased to help Colombia secure access to international LNG markets and ensure the reliability of its energy system," said Höegh LNG CEO Erik Hyheim.
4th quarter consolidated revenue amounted to COP 31.8 trillion, net income of COP 6.1 trillion, and EBITDA of COP 14.0 trillion with an EBITDA margin of 44%
NG Energy International Corp. is a publicly traded E&P company with a business model focusing on producing and bringing gas to the premium priced Colombian gas market
With the culmination of the purchase of a controlling 51.4% stake in Interconexión Eléctrica ("ISA"), the quarterly figures include the consolidated results of this subsidiary for one month.