Promigas S.A., ESP, is a Colombian holding company with investments mainly in natural gas transportation and services and natural gas distribution. It is listed on the Colombian Stock Exchange (Bolsa de Valores de Colombia) under the symbol "PROMIG:CB." Promigas is the largest private sector natural gas transportation company in Colombia. Promigas owns the Promigas Pipeline, which extends along the Atlantic coast from Ballena to Jobo, and holds direct interests in other companies operating gas pipelines and providing gas distribution in Colombia. Promigas is a major participant across all segments of Colombia's natural gas services chain, with assets accounting for a majority of Colombia's gas transportation infrastructure by volume. The Promigas Pipeline transports natural gas from fields in the region of La Guajira to the Jobo terminal station in the Department of Sucre. Promigas also provides subcontracted pipeline design, construction, operation and maintenance services for government and/or third-party owned natural gas transportation customers who own pipelines. The Promigas Pipeline's gas transportation concession with the Colombian Ministry of Mines and Energy, or the Colombian MME, expires in September 2026. The Colombian government has the option to buy the assets at a to-be-determined fair value price in 2025. Otherwise, the concession contemplates extensions in 20-year increments. Since 1994, a concession has no longer been required to operate a pipeline in Colombia. The Promigas Pipeline has several customers, the largest of which is Generadora y Comercializadora de Energía S.A., a leading power generation and commercialization company in Colombia. Other customers include thermoelectric plants, local distribution companies, cement companies, petrochemical firms and mining operations. Contact Promigas: Promigas
Calle 66 No. 67 – 123
Barranquilla, Atlántico, Colombia
+57-5-371-3300
www.promigas.com
Last update: August 2010 | |
Country of Operation: 
