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Valle del Cauca business associations defended the construction of the Pacific coast regasification plant because according to them, is an important competitiveness element for Colombia.

GasYesterday we discussed crude oil production based on the March 2017 MinMinas press release. This release also gives the gas ‘production’ figures and allows us to update this graph.

GasEcopetrol’s (NYSE:EC) Exploration Vice President, Max Torres, said that gas discoveries in offshore wells could help meet domestic demand, since a gas deficit is expected by 2021.

GasOrlando Cabrales, President of Naturgas, said that the sector’s offshore plans for this year are historical for the country. The industry is optimistic about the possible results of these projects.

Germán Castro, Executive Director of the Energy and Gas Regulatory Commission (CREG) spoke about regasification plants in Colombia, the government’s priorities and the sector’s perspectives on this.

Alejandro Martínez Villegas, President of the propane distribution association (Gasnova), is optimistic about the future of propane in the country. He mentioned that the construction of the new plant in Cartagena is vital to guarantee supply.

GasFelipe Bayón, COO of Ecopetrol (NYSE: EC) talked about gas prospects in Colombia. Oil is the most important resource today, but gas will increase its participation in the country’s production in coming years.

GasThe construction of regasification plants in the country has generated several discussions. Some people support it and others criticize this. Julián García, President of the Transportadora de Gas Internacional (TGI) spoke on the subject.

The Colombian Caribbean coast has many challenges in energy matters and suffers many shortages. Promigas and Canacol Energy (TSX: CNE) are analyzing options to improve this aspect.

The executive director of the Energy and Gas Regulatory Commission (CREG), Germán Castro, said that the government will be more involved in building strategic infrastructure for the sector and will issue new standards to improve it.