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.
GasOrlando Cabrales, President of Naturgas, discussed the natural gas market and made recommendations for improvements. Government representatives also spoke.
GasAccording to Naturgas, vehicular natural gas service in Colombia had more than 500,000 new users in 2016, but this year, that number is expected to fall to 300,000.
Canacol Energy Ltd. (TSX: CNE) is analyzing various strategies for its future. The company sees natural gas as an increasingly attractive option.
Colombia is betting on offshore exploration in the Caribbean Sea and Ecopetrol (NYSE: EC) announced gas discovery in the Kronos field a few months ago. This has generated optimism in the industry because the field could be very important for the country.
GasColombia’s energy bet is natural gas; authorities are optimistic for the future. Orlando Cabrales, President of Naturgas, spoke about gas reserves and investments for coming years.