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Natural gas from Colombia.

NATURAL GAS FROM COLOMBIA. Pacific Rubiales Energy Corp. on March 28 announced the signing of an agreement between its subsidiary Pacific Stratus Energy Colombia Ltd. and Exmar NV from Belgium for processing liquefied natural gas (LNG). The gas processing will take place in a plant to be built and operated on the Colombian Caribbean coast by Exmar, who must provide up to 69.5 million cubic feet of gas to Pacific Rubiales over a period of 15 years, the company said, adding it plans to enter the markets of Central America and the Caribbean, with the goal of replacing the fossil fuels and diesel currently used to generate electricity. Ronald Pantin, CEO of Pacific Rubiales, said: "This agreement opens new markets and accelerates the realization of gains by the use of the company's extensive natural gas reserves"
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Title Annotation:THE REGION
Publication:Caribbean Update
Date:Apr 26, 2012
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