Altenesol completes study, acquires land for Colombia LNG project

Natural gas firm Altenesol and its local subsidiary completed a front end engineering design (FEED) study and finalized a land purchase for its Nataly I LNG plant project in Córdoba, Colombia. 

"The FEED study brings all aspects of the logistical, design, material, permitting and contingencies and cost estimates under a 3% margin," an Altenesol press release said. Local subsidiary Altenesol Colombia also completed the soil analysis, topographical, LNG plant placement and road access studies. 

"We will announce the winner of the engineering, procurement and construction (EPC) contract in January of 2014," Altenesol said. 

Nataly I has received commercial and financial support from BTG Pactual and Mountain View Capital and is backed by an alliance which includes Canadian oil and gas firmCanacol Energy (TSX: CNE).