GasMinMinas reported that gas production rose in February due to “demand behavior for the Riohacha, Cupiagua, Cusiana and Pauto fields”. The graph shows that while February numbers rose, the trend is not so postitive.
An announcement from Ecopetrol (NYSE:EC) that it would restrict its public wholesale offer of propane could have an alarming impact on low income communities along with health and environmental implications says the Union of Colombian Propane Companies (Gasnova).
Political pressure to nix a regulatory change to let the market set prices for the natural gas market has prompted the government to promise that rates on the Caribbean coast will only go up by a maximum of 4%, compared to the 25% rate increase planned under the new system.
“Let’s do the time warp again!” One of the protagonists has changed and at last the government has weighed in but it still feels like 2013 all over again with Naturgas saying there is plenty of gas and an industry association, now the ACP, saying there is not.
The Colombian Petroleum Association (ACP) took up the issue of natural gas, warning that there will be a deficit on the order of 190mmcf as soon as 2018, and that changing the regulations due to political controversy will only deter investment in exploration.
Gas distributor Gases de Occidente says that it is rolling out an expansion plan that includes small loans to its end customers and a potential natural gas pipeline to Buenaventura.
The president of the Colombian Senate Jose Name says that natural gas shipments to Venezuela should be cut off and the gas should instead be used to supply the Caribbean coast at a lower cost.
Colombia’s Senate is back in session for 2015 and its first priority involving the hydrocarbons industry is natural gas prices.
The Ministry of Mines and Energy (MinMinas) says that the market manager chosen to track and report on the transactions and operations of natural gas to improve negotiations between the supply chain is up and running.
GasThe number of Natural Gas Vehicles (NGV) in Colombia continues to grow, and now accounts for 2.5% of the global total of just under 20 million vehicles that run on natural gas.