Ecuador promotes the import of Liquefied Natural Gas for the productive processes of the industrial sector
The following is a machine translation of a Ministry of Energy and Mines release
The National Government, through the Ministry of Energy and Mines, authorized the company SYCAR INFRAESTRUCTURA SAS to import up to 7.3 billion cubic feet of Liquefied Natural Gas (LNG) per year for the industrial sector. This action, valid for a period of five years, is established in Ministerial Agreement No. MEM-VH-2024-0046-AM.
The initiative is being developed through the use of specialized transportation from Peru with an approximate volume of 1,691 million cubic feet of LNG, which are authorized and registered with the Hydrocarbon Regulation and Control Agency, complying with the highest standards of quality and safety, in accordance with current legal regulations.
The Vice Minister of Hydrocarbons, Guilhermo Ferreira Oliveira, highlighted that the importation of Natural Gas in its different states is key to reducing dependence on traditional fossil fuels, promoting private investment and moving towards a more efficient and environmentally responsible energy model. “With this effort, Ecuador reaffirms its commitment to sustainable development and industrial competitiveness,” said the authority.
With this import, Ecuador reaffirms its commitment to the development of a sustainable energy industry, promoting the use of cleaner and more efficient fuels that boost the country's growth and protect the environment.
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