News and AnalysIs for

The Colombian government says one million new users have been connected to the natural gas network Colombian President Juan Manuel Santos took office in August 2010.

The Natural Gas Association (Naturgas) says that proposed changes that would institute a system of public auctions to set wholesale prices as proposed by Colombia’s Energy Regulatory Commission and Gas – CREG would lead to price increases and opposes the system.

Every quarter Ecopetrol helpfully publishes the distribution of its crude oil exports. Other producers would have different profiles but considering the NOC’s size both in terms of production and commercialization, this is a good indicator of the country as a whole.

Using methane gas derived from the treating of waste water from a palm oil refiner, the company CI Tequedama is able to create clean energy for its own use and sell the overage to the national energy network.

Following a national debate as to whether Colombia has sufficient gas resources for the long term future, the Energy and Gas Regulation Commission (CREG) has issued resolutions clearing the path for natural gas imports starting in 2016.

Natural gas producer and distributor Madigas says it will invest COL9B (US$4.77M) throughout Colombia this year with around COL4.5B of it focused in the Caldas Department.

The total value of fuel and products derived from extraction in Colombia dropped 12% in the first quarter of 2013 to US$12.52B from US$14.23B a year ago, pushing Colombian exports as a whole to drop 7.3% in that period.

Natural gas producer Promigás has been offered up to US$100M in financing from the Interamerican Development Bank to improve its “Brilla” lending program due to its success in helping the bottom of the pyramid.

Colombia’s association of natural gas producers Naturgas has formulated three proposals that it says will make gas more competitive for industrial use. It has presented its proposal to regulatory authorities for their review.

The first quarter is strange because some stragglers take the full 90 days they have to report 4Q results and then often are able to file 1Q results early. So we did not publish our price analysis last quarter and have two quarters´ worth of data for this quarter.