The Superintendent of Industry and Commerce (SIC) is facing strong backlash following its intervention in Naturgas.
For years, our editorial point of view was that importing gas was an unacceptable and unnecessary loss of energy sovereignty. We opposed building a second regas facility on the Pacific coast saying that the resources should be directed to encouraging domestic gas development. But, now, pragmatism means we have to modify our position.
Investment in gas exploration in Colombia has declined, and incentives for drilling new wells have been limited.
President Gustavo Petro’s recent directive for Ecopetrol (NYSE: EC) to import gas from Qatar has sparked widespread debate, revealing significant logistical and economic challenges that make this demand unfeasible in the short term.
Colombia’s new Minister of Mines and Energy (MinEnergia), Edwin Palma, is planning several internal changes within the ministry to align with the goals set by both himself and President Gustavo Petro.
The Colombian government continues to push its Works for Taxes program, a key initiative aimed at fostering development in regions affected by poverty and violence.
Frontera Energy (TSX: FEC) announced its financial and operating results for 4Q24.
Ecopetrol’s President, Ricardo Roa Barragán, addressed speculation surrounding the Sirius gas wells (formerly Uchuva), located in the Colombian Caribbean Sea.
Ecopetrol (NYSE: EC) has taken a strategic step to strengthen the country’s natural gas supply amid shortages and rising service costs.
On March 28, Ecopetrol’s General Assembly of Shareholders will elect three new members to its Board of Directors.
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