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“Tourism generates more hard currency than coal”

“Tourism generates more hard currency than coal”

President Gustavo Petro recently spoke to the Colombian tourism association, ANATO, and he told them that tourism now brought more dollars to the country than coal exports.  Given the president’s predilection for exaggeration, we thought we should check his figures. He is probably right about the numbers but his explanation is off (we think).

Tuesday, March 4th, 2025
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Gas prices could triple

As soon as Colombia’s gas tariff crisis erupted, the Energy and Gas Regulatory Commission (CREG) issued Resolution 102 015, aimed at providing flexibility in contracts between producers and marketers starting in June 2025.

Tuesday, March 4th, 2025
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Roa on fracking

Ricardo Roa, CEO of Ecopetrol, recently confirmed that the company will proceed with the extension of its fracking contract with Occidental Petroleum (Oxy) in the Permian Basin.

Tuesday, March 4th, 2025
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New MinEnergia’s challenges

The resignation of Andrés Camacho as Colombia’s Minister of Mines and Energy (MinEnergia) marks another shift in the administration of President Gustavo Petro.

Tuesday, March 4th, 2025
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Camacho’s legacy for the hydrocarbons sector

Camacho’s legacy for the hydrocarbons sector

After a year and a half in office, Andrés Camacho is stepping down as Colombia’s Minister of Mines and Energy (MinEnergia), leaving behind a complex landscape.

Tuesday, March 4th, 2025
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Ecopetrol’s shift?

Since taking office, President Gustavo Petro has repeatedly called for Ecopetrol (NYSE: EC) to transition toward renewable energy.

Tuesday, March 4th, 2025
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Natural gas crisis

Tomás González, former Minister of Mines and Energy and director of the Regional Center for Energy Studies (CREE) raised concerns about the future of natural gas supply in Colombia.

 

Tuesday, March 4th, 2025
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Superservicios inspects gas providers

In response to rising natural gas tariffs by certain suppliers, Colombia’s Superintendence of Public Utilities (Superservicios) is conducting inspection visits to various gas marketing companies, including CNEOG Colombia.

Tuesday, March 4th, 2025
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Peace Process: A transition month

Looking over the events we collected for our database of peace process news items, we concluded that a lot happened in February… but nothing has changed.

Monday, March 3rd, 2025
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Citi on ECP’s reserves

Citi on ECP’s reserves

Ecopetrol (NYSE: EC) recently reported its proven reserves as of December 31, 2024, again generating controversy.

Thursday, February 27th, 2025
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