Altenesol Colombia SAS's project will generate over US$70 million in average annual revenues through its subsidiaries (Altenesol LNG Colombia, SAS; TransCryogen LNG Colombia, SAS and Altenesol Regasification Systems, SAS) which will produce LNG at the Nataly 1 plant, transport the LNG to our customers and re-gasify the LNG at each customer's location. Over the 15 year term of the project, the natural gas purchased from this contract with Canacol will generate in excess of US$1 billion. "Future plans include four additional LNG Plants in Colombia within the next 7 years after the completed construction of Nataly 1," advised Nelson De La Nuez, CEO of IAHL.IAHL is also pleased to announce that Altenesol has signed a contract to purchase 91 acres (37 hectares) of land adjacent to the Canacol well site (Jobo Station). The proximity to the source minimizes logistical costs and provides room for the expansion of the Nataly 1 LNG plant as well as extra space for vehicle transit, storage and maintenance. This also helps build Altenesol's plans to become a major player in the energy sector, bringing less expensive and cleaner fuel to areas in and out of Colombia.
Altenesol LNG Colombia S.A.S And Canacol Energy LTD Execute The Contract To Supply Natural Gas For Nataly 1
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