The Colombian Association of Natural Gas (Naturgas) wrote a report comparing the prices of gasoline with natural gas prices in the main cities of the country. The price difference between these two fuels has increased recently.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended June 30, 2018. Average production increased, but the firm reported a net loss during this quarter and 1H18 (due to one-time and non-cash charges).
The company announced measures to improve its service in the Colombian Caribbean.
Sector’s representatives talked about the natural gas sector prospects in the country, and they acknowledged that the country must overcome several challenges in gas issues.
Orlando Cabrales, President of Naturgas, wrote an article, in the business newspaper La República, about the proposal to subsidize the purchase of propane cylinders throughout the country.
The country is looking for alternatives to reduce pollution and Natural Gas Vehicle (NGV) is positioned as one of the best options. The Colombian Natural Gas Association (Naturgas) produced a report on the conversion of vehicles to natural gas during this year.
Canacol Energy (TSX: CNE) announced its mid-year Reserves report with good results in blocks located in the Lower Magdalena Valley (VIM) Basin in Colombia. The firm highlighted that this is a result of its drilling program in the country.
Colombia has great expectations about the natural gas sector’s future in Colombia. Orlando Cabrales, President of the Colombian Natural Gas Association (Naturgas) made some recommendations to leverage the gas potential in the country.
The Colombian Petroleum Association (ACP) and the Chamber of large consumers associated with the National Entrepreneur’s Association (ANDI) announced plans to boost the natural gas industry in the country.
Before the end of the year, the firm expects to bring natural gas service to 25,000 new users in the five departments where it is now present, said CEO Jairo de Castro.
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