News and AnalysIs for

The government announced the nomination of a new expert for the Energy and Gas Regulatory Commission (CREG).

The Ministry of Mines and Energy (MinEnergia) recently released its natural gas production forecast for 2024-2033, revealing several concerning trends that could lead to supply shortages if not addressed promptly.

Ocensa (Oleoducto Central S.A.), a subsidiary of the Ecopetrol Group, announced the appointment a new President.

As Colombia advances towards energy transition, importing gas from Venezuela has been one of the measures suggested. Juan Manuel Rojas, president of Promigas, highlighted the significance of this fuel in achieving a successful shift towards clean energy.

The ongoing negotiations between the Colombian government and transporters over diesel price increases remain deadlocked.

Oil and natural gas companies in Colombia are required to pay royalties to the state, which are then distributed among municipalities and departments to finance projects aimed at improving the quality of life for Colombians. However, in recent years, the expected royalty revenues have not been met, despite stable production levels.

A legal process against Colombia’s Ministry of Mines and Energy (MinEnergia) and the National Hydrocarbons Agency (ANH), spearheaded by Diego Fernando Forero González seeks to nullify the regulation that assigned new functions to the entity.

Ecopetrol (NYSE: EC) unveiled the initial outcomes of its decarbonization strategy.

The Ministers of Finance (MinHacienda) and Mines and Energy (MinEnergia) released a draft resolution to establish a procedure for determining the international parity price.

The Petro administration announced a significant economic reactivation plan that will allocate funds from royalties to various industrial, tourism, housing, energy, agricultural, and construction sectors.