Ecuador’s approval of LNG imports pushes Sycar project forward

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By Bojan Lepic U.S. project development company Sycar, along with other private companies, has received authorisation from the Government of Ecuador to import industrial gas, gasoline, natural gas, diesel, jet fuel, avgas, absorbents, and other derivatives.

Sycar said
last week that the authorisation, received on 24 September 2020, for importing was
for liquids and derivatives destined to nine economic sectors.

Some of the
sectors are industrial, commercial, shipping, and aviation. The Government decree
establishes 120 days for the Ecuadorian Institute for Standardization (INEN) to
update the standard for the commercialisation of hydrocarbons in the country.

Sycar added
that the approval was good news for the company’s construction of the first LNG
import terminal

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