Chilean Duo Mull $500 Million Colombian LNG Regasification Plant:Report

Chilean energy holding company SCL Energía Activa and local brokerage and investment bank LarrainVial are studying building a $500 million liquefied natural gas regasification plant in Colombia, daily paper Diario Financiero reported Thursday.

Earlier this year, Pacific Rubiales Energy Corp. (PEGFF, PRE.T) partnered with Belgium shipping group Exmar NV (EXM.BT) to develop an LNG export project in northern Colombia.

"Since this is a complex project and it would involve a lot of money we need to study all the variables. We're doing a market analysis and looking for potential buyers, and also getting a feel for demand," said a person close to the matter, according to Diario Financiero.

Representatives at SCL Energia Activa and LarrainVial weren't available for comment.

-By Anthony Esposito, Dow Jones Newswires; 56-2-715-8929; anthony.esposito@dowjones.com

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