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Canacol Energy (TSX: CNE) is betting on Colombian natural gas sector, starting a market diversification strategy. Here are the details.

Colombia’s Natural Gas Association (Naturgas) requested that Bogotá’s Mayor’s Office include all zero and low emission technologies in the bidding stages to renew the city’s Integrated Public Transportation System (SITP).

Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended June 30, 2019. Natural gas production, sales and revenues increased year-over-year during this period.

According to Ecopetrol’s (NYSE:EC) information, Colombia is among those the greatest gas potential in Latin America.

The Colombian government has initiated a strategy to boost the exploration and production of hydrocarbons in the country, but concerns about loss of self-sufficiency continue. María Fernanda Suarez, Minister of Mines and Energy (MinEnergia), talked to the possibility of importing natural gas and the need for a new regasification plan in the Pacific.

Colombia’s National Administrative Department of Statistics (Dane) made a study on the use of natural gas in the country. These are the results.

The Ministry of Mines and Energy (MinEnergia) reported natural gas production figures for June 2019. This is what the Colombian Association of Natural Gas (Naturgas) had to say.

Canacol Energy’s (TSX:CNE) CEO, Charle Gamba, spoke about the completion of the firm’s gas pipeline in the Colombian Caribbean.

Canacol Energy (TSX: CNE) provided results on the Acordeon 1 exploration well, located in the VIM-5 block in the Lower Magdalena Valley (VIM). The company is changing its 2019 drilling program, due to these results.

Average oil netbacks had a recent peak in 2Q18 and since then have been falling back. Oil is now within US$6 of gas on an equivalent barrel basis. Not enough perhaps to make a company change strategy but maybe to change some resource allocation decisions.