Wednesday, September 18th, 2024
In a recent sectoral report on natural gas in Colombia, Bancolombia’s Economic, Sectoral, and Market Research Division warned that the development of offshore gas projects in the Caribbean will lead to higher energy prices in the medium term.
Ricardo Sierra, President of Celsia, raised concerns over a potential gas shortage in Colombia starting in 2025, citing various challenges that have affected the sector in recent years.
The Colombian government recently announced Resolution 00895 of 2024, which implements changes concerning the tariff update mechanism for oil pipeline transportation, previously addressed in Resolution 00279 of March 30, 2023.
The Colombian Association of Oil and Gas (ACP) and the Colombian Association of Natural Gas (Naturgas) expressed their concern about the Santa Marta Court decision that orders the suspension of natural gas exploration activities in the Uchuva-2 well.
In a recent report on Colombia, J.P. Morgan noted that August’s inflation figures came in lower than expected, despite higher fuel prices.
The Fourth Labor Court of Santa Marta issued a ruling mandating Ecopetrol, the Ministry of Mines and Energy (MinEnergia), Petrobras (NYSE: PBR), and the National Environmental Licensing Authority (ANLA) to halt all gas exploration and extraction activities at the Uchuva 2 well in the Tayrona block.
The Colombian government, alongside natural gas companies, has established a Unified Command Post (PMU) to guarantee a steady supply of gas across the country.
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