Promigas and Canacol (TSX: CNE) announced an alliance, which will benefit the Colombian Caribbean coast in terms of natural gas supply. Representatives of the companies spoke about this agreement.
Promigas announced its operational and financial results during 2018. The company highlighted its good financial performance during the past year and the firm continues to grow as the main natural gas distributor in the country.
The first Natural Gas Forum took place in Barranquilla, where industry entrepreneurs and local authorities announced a pilot project to change the city’s bus fleet to vehicles fueled by Vehicular Natural Gas (VNG).
The increasing use of Vehicular Natural Gas (VNG) and propane has industry experts wondering if these products will replace traditional gasoline and diesel in the mid-term.
The Colombian Association of Natural Gas (Naturgas) proposed adjusting the carbon tax to promote the transition to a cleaner energy matrix.
Vanti, previously Gas Natural Fenosa, spoke about its plans to optimize operating costs in the industrial sector, while becoming a more sustainable option in the market.
The Ministry of Mines and Energy (MinMinas) reported gas production figures for January 2019. Natural gas has been showing a positive performance in recent months.
As we published last week, the MinMinas think-tank and research bureau, UPME, published a long document on energy prices just before Christmas. We have picked a few charts we think are interesting.
Global warming has generated many debates and the need to reduce the participation of coal in the energy matrix has been one of the main discussion topics. Colombian authorities created a carbon tax, joining the global trend. Orlando Cabrales, President of Naturgas, spoke on this topic and gave some suggestions to change it.
With better weather in Bogotá – it is not raining too much – it seems clear that we are heading into another El Niño weather phenomenon. That means drought and less hydroelectric generating capacity, which, in turn, should mean more demand for natural gas.
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