The Ministry of Mines and Energy (MinEnergia) issued Resolution 40360 of 2024 to establish the criteria, minimum requirements, and standards that energy and gas infrastructure projects built under the “Work for Taxes” mechanism must meet for satisfactory approval.
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.
Naturgas announced the gas sector’s investment in social projects during 2023.
The National Hydrocarbons Agency (ANH) published key documents for a new regulatory framework governing the selection process and management of contracts for productive asset areas.
The political tension surrounding Ricardo Roa, current president of Ecopetrol (NYSE: EC), spilled into its boardroom. However, the Board of Directors has ratified his position.
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.
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