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In the face of a potential natural gas deficit projected for 2025, Colombia’s state-owned oil company, Ecopetrol (NYSE: EC), announced the availability of additional natural gas for the short term.

The Government’s financing bill proposes a five-percentage-point increase in the income tax surtax for oil exploration, raising it from 15% to 20%. The Colombian Petroleum and Gas Association (ACP) voiced strong opposition to the proposed increase.

Bogotá hosted an event led by Colombia’s Ministry of Energy (MinEnergía) and the Colombian Geological Service to discuss seismic risk management in the mining and energy sectors.

Mario Alberto Huertas, President of MHC Ingeniería y Construcción de Obras Civiles, emphasized the need for better coordination and support from government entities to overcome persistent challenges in infrastructure projects across Bogotá.

A report by Promigas highlights significant findings in Colombia’s hydrocarbon sector, revealing that offshore reserves could be 20 times greater than onshore reserves.

TPL Gas, a subsidiary of TPL Energía, started delivering imported natural gas to Colombia’s domestic market, addressing concerns over potential gas shortages.