News and AnalysIs for

The members of Naturgas’ Board of Directors elected their new chairman.

Against the backdrop of Naturgas’ annual congress, this week in Cartagena, contributor Tomás de la Calle worries about the impact of Petro-government policies on Colombia’s self-sufficiency in gas. He foresees a sellers’ market – which usually means higher prices – in the near future.

The Ministry of Mines and Energy (MinEnergia) recently released a draft decree aimed at modifying article 2.2.2.2.24 of Decree 1073 of 2015, specifically concerning the availability of natural gas for electricity demand during periods of low hydrology.

Colombia faces a critical crossroads in its energy strategy, with the government signaling plans to import gas from Venezuela.

Colombia’s natural gas industry, encompassing production, transportation, and distribution, is at the forefront of the nation’s efforts to reduce greenhouse gas (GHG) emissions, constituting a mere 1% of the country’s total.

Surtigas, led by Santiago Mejía, announced the successful conclusion of the mandate contract subscription process with Promigas S.A., after a week of negotiations.

Luz Stella Murgas, the President of the Colombian Natural Gas Association (Naturgas), emphasizes the importance of ensuring service to nearly 1.6 million households currently without access to natural gas.

The Mining and Energy Planning Unit (UPME), in alignment with previous forecasts, anticipates a potential deficit in natural gas supply towards the end of 2026, driven by increased demand associated with El Niño.

The International Energy Agency (IEA) released a recent report indicating that global gas demand is poised for a robust resurgence in 2024, despite lingering uncertainties in the market.

Last week we published an article about the surge in LNG imports in the second half of 2023. That mirrored a surge in electricity generated by imported natural gas that we discussed in ePower Colombia, our sister website. El Niño caused much of the increased demand for gas but we wanted to check how Colombian production fared last year. Were really imports necessary?