ENGIE and AES agree to expand LNG marketing

ENGIE and The AES Corporation (AES) have agreed to enter into a joint venture to market and sell LNG to third parties in Central America. The joint venture will utilise the Costa Norte LNG terminal currently under construction in Colón, Panama, which is owned 50/50 by AES and Inversiones Bahía. The total capacity of the Costa Norte LNG terminal is approximately 1.5 million tpy, of which 25% will be used for the 380 MW AES Colón CCGT currently under construction on the same site. ENGIE will supply up to 400 000 tpy of LNG to the CCGT beginning in 2018. The remaining terminal capacity is primarily available for the joint venture to market and sell to third parties, including up to 700 000 tpy of LNG sourced from ENGIE mainly through the Cameron gas liquefaction project in the US.