Royal Vopak’s Acquisition of 49% Interest in Sociedad Portuaria el Cayao


Philippi Prietocarrizosa Ferrero DU & Uría advised Royal Vopak on the deal

Royal Vopak executed the acquisition of a 49% shareholding in Sociedad Portuaria el Cayao (“SPEC”) in Cartagena, Colombia. SPEC is the only LNG import facility in Colombia and has been in operation since 2016.

The LNG import facility consists of an LNG jetty, onshore infrastructure and a 9.2 km gas pipeline which connects SPEC to the national gas grid. A chartered FSRU is receiving the LNG and sending the gas on shore. SPEC holds long term contracts with three local gas-fired power plants.

The shareholders in SPEC are Promigas (51%) and Royal Vopak (49%).

Promigas is a private company in the natural gas sector in Latin America with 45?? years of experience providing mass access to natural gas.

Royal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers.

Philippi Prietocarrizosa Ferrero DU & Uría advised Royal Vopak on the deal with a team including Hernando Padilla (Picture), Javier Valle, Diego Cardona, Ana Estrada, Pedro Arango and Federica del Llano.

Involved fees earner: Pedro Arango – Philippi Prietocarrizosa Ferrero DU & Uría; Diego Cardona Baquero – Philippi Prietocarrizosa Ferrero DU & Uría; Federica Del Llano Toro – Philippi Prietocarrizosa Ferrero DU & Uría; Ana Estrada – Philippi Prietocarrizosa Ferrero DU & Uría; Hernando Padilla – Philippi Prietocarrizosa Ferrero DU & Uría; Javier Valle – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Koninklijke Vopak NV;