Gazprom Marketing & Trading Singapore (GM&TS) has signed a four-year LNG Sale and Purchase Agreement with Pacific Rubiales Energy Corp.

GM&TS will be the off-taker for approximately 0.5 million tonnes per annum of LNG from an offshore LNG terminal located in Tolu, on the Caribbean coast of Colombia.

The deal follows a 2013 announcement of a Heads of Agreement between the two companies.

Pacific Rubiales, a Canadian company and producer of natural gas and crude oil, owns 100% of Meta Petroleum Corp., which operates the Rubiales, Piriri and Quifa heavy oil fields in the Llanos Basin, and 100% of Pacific Stratus Energy Colombia Corp., which operates the La Creciente natural gas field in the northwestern area of Colombia.

Vitaly Vasiliev, CEO of GM&T, commented, “We are thrilled to partner with Pacific Rubiales and to bring our technical, commercial and shipping expertise to this exciting project, which remains on track to become the world’s first floating gas liquefaction plant in operation.”