The new mines and energy (MinMinas) minister Amylkar Acosta has arrived to a particular dilemma beyond the strikes and protests, as the ministry is facing a 16% cut in its 2014 budget.
Incidents near areas of interest to the oil and gas industry were down this week to 31 above recent but below long-term averages. This was a slightly above average week for non-armed forces reported/guerrilla-initiated incidents. Despite the decrease our 4-week Moving Average incident count went up to 28.3 and the 52 week average was steady at 36.6 incidents per week.
We published a similar article a few weeks ago. Unfortunately our data analysis suffered a technical problem that produced inappropriate conclusions. We apologize for any misunderstanding. Here is the completely revised and corrected data.
MinMinas Amylkar Acosta has named Ricardo Rodríguez Yee as Vice Minister of Energy replacing Orlando Cabrales who goes back to the National Hydrocarbons Agency (ANH) replacing Germán Arce, who – as of writing – leaves the government.
Colombia’s Regulatory Commission of Energy and Gas (CREG) has opened the possibility of exporting gas and building a US$400M liquefaction plant on the Caribbean cost, says Promigas president Antonio Celia.
Casanare’s Chamber of Commerce held a seminar to assess progress over the last year and the executive director Carlos Rojas said that local businesses cannot continue letting opportunities in the oil industry “pass by their noses”.
Colombian President Juan Manuel Santos made it clear that a congressional visit with the Farc in Habana when and if the government deemed it necessary as the Farc push for a meeting with party and congressional leaders.
GasColombia’s gas reserves are sufficient to cover internal demand for the next 14 years says the president of Promigas Antonio Celia.
Colombians might be paying at the pump, but Colombia’s Mines and Energy Minister Amylkar Acosta says the country cannot afford to put Ecopetrol’s (NYSE:EC) financial stability at risk, and that as long as crude prices remain high, gas will follow.
Colombia scored high marks for the competitiveness of its energy sector according to two international studies which also took into account access to energy and how compatible energy policies are with environmental challenges.
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