Natural gas has been one of the main topics of discussion this year due to its positive growth prospects in the medium and long term. However, the country cannot cover the growing demand for this fuel, forcing to import it.
The government announced a propane deficit for 2019, after Ecopetrol (NYSE: EC) reduced its supply for the first semester of the year. But Gasnova thinks the panorama will be much more promising as of July.
The expansion of the Jobo gas pipeline will be ready in September this year, the firm said.
Colombia’s Vice-president, Marta Lucía Ramírez, closed Naturgas’ 22nd Congress, where she spoke about the opportunities and challenges of the gas industry in the country.
The oil and gas sector has announced discoveries of natural gas in the Caribbean Sea in recent years, but concerns about a possible increase in imports of this fuel are still present. Orlando Cabrales, President of Naturgas, spoke on this topic, investment plans and the situation of the gas market in Colombia.
The Vice minister of Mines and Energy (MinMinas), Diego Mesa, spoke about the government’s plan to reactivate the national gas industry.
Astrid Álvarez, President of the Bogotá Energy Group (GEB), spoke about the potential for gas in the country, its environmental benefits and the need to increase natural gas production.
Canacol Energy (TSX: CNE) is betting on the natural gas business, becoming the main private operator of this fuel in Colombia. The company plans to go beyond the production and exploration of natural gas. Charle Gamba, CEO of CNE, spoke about the firm’s plans.
The oil sector has been making positive and important announcements during this year. Hocol S.A joined this positive news trend with a new natural gas discovery.
The Colombian Association of Natural Gas (Naturgas) carried out an analysis on the country’s current infrastructure for natural gas transport and on its prospects.
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