News and AnalysIs for

The General Controller’s office has entered the debate on the supply of natural gas, warning that the country must have a clear strategy in order not to suffer a loss of self-sufficiency in the near future.

While industrial sectors call for an open bilateral negotiations of gas rates, electrical energy generators say that their needs are being cast aside to accommodate other sectors.

The Energy and Gas Regulation Commission (CREG) has postponed fixing a formula that would define price increases in the supply of natural gas, as the industry calls for authorities to allow a free market.

ProductionColombia continues its gravity (and naysayer) defying trick of maintaining production above 1 million barrels a day for yet another month. The mystery is how.

High energy and transportation costs represent two of the major challenges for the hydrocarbons industry, and recent reports in a local business publication look deeper into the causes and future trajectory.

GasVenezuelan NOC PDVSA may be finally ready to reverse the flow of gas and export to Colombia in January 2016. Take it with a Bolivarian grain of salt.

Promigas president Antonio Celia believes that there is commitment from the government to make gas infrastructure licensing more agile, but the system does not fully consider the cost of delays in licensing, considering the loss in royalties, investment, job creation, gas availability and gas rates.

The liberalization of the market and mass use of the domestic gas network, coupled with pricing decisions made on a political instead of technical or market basis is putting the country’s electrical energy supply at risk argues a newspaper column.

GasThe growing demand for natural gas in Colombia coupled with a fall in reserves will mean significant increases in the price of gas going forward, and the potential need to import the resource, says a report from the Mining Energy Planning Unit (UPME).

In light of new discoveries in departments like Sucre while supply from La Guajira declines, gas transporters TGI and Promigas both have significant investment plans to expand the gas infrastructure network. Both still await authorities to take bigger steps forward.