The last week or so was topsy-turvy for Colombian gas with Ecopetrol announcing “the presence of gas” in the Shell-operated Glaucus-1 well but Canacol announcing it had thrown-in-the-towel on its deal with EPM and the associated pipeline connecting Medellin and Jobo. The Canadian E&P simultaneously announced it was limiting its Colombian CAPEX to projects which leverage “existing transportation capacity” and focusing its future-oriented investments on Bolivia. The Canacol announcement will, no doubt, dominate the coffee and cocktail conversations at this week’s Cumbre de Petróleo, Gas y Energía in Cartagena.
Gas imports has been on Colombia’s radar for years, but it takes on added significance during periods of drought, such as the current situation in the energy sector due to the presence of the El Niño climate phenomenon.
Luz Stella Murgas Maya, President of Naturgas discussed the pivotal role of natural gas in the country’s energy transition.
In the first half of 2023, installations of natural gas vehicles have surged by an impressive 268%, according to a report from Vanti.
As Colombia braces itself for the upcoming El Niño phenomenon set to hit in November, Liquefied Natural Gas (LNG) emerges as a crucial fuel for the electric sector to prevent potential power shortages.
In Colombia’s ambitious journey towards a sustainable energy future, natural gas has emerged as a crucial component.
A recent report from Fitch Ratings highlights significant discoveries by international investors and a global preference for natural gas, indicating that Colombia’s economy and hydrocarbon industry are poised for long-term growth.
In the southern region of Atlántico, Colombia, the arrival of natural gas brings newfound joy to communities like Villa Rosa in Repelón.
MinEnergia recently published its draft energy transition roadmap and the attention has focused on electrification for good reason: the Colombian government expects a dramatic increase in the proportion of total energy – including transport – served by electricity. For that, we have written extensively in our sister publication ePowerColombia. But the roadmap makes assumptions about oil and gas demand and supply that could impact the hydrocarbons industry.
Concerns are mounting within the Colombian government regarding the limited reserves of natural gas in the country.
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