Ricardo Roa, President of Ecopetrol (NYSE: EC), brought forward the question of importing gas to address Colombia’s future energy needs.
The Mining-Energy Planning Unit (UPME) announced the approval of new projects aimed at expanding the availability of natural gas service across Colombia.
After the results of the exploratory gas well drilling in the Caribbean offshore, Orca Norte 1, Ecopetrol decided to cancel the pipeline project that was planned to connect this deposit with the existing pipeline in the Chuchupa field, generating concerns in the country.
A new bill was approved establishing subsidies for connecting and installing propane in new social interest housing (VIS) and priority interest housing (VIP).
In May, some municipalities in Santander, including those in the metropolitan area of Bucaramanga, saw their household gas bills surge by up to 53%. This significant increase prompted the Energy and Gas Regulatory Commission (CREG) to clarify on this issue.
Natural gas has played a vital role in the social and economic transformation of Colombia, providing an essential public service that enhances the quality of life for over 36 million citizens, or 12 million households.
Colombia’s leading companies are bracing for a sharp increase in energy costs as the nation’s dwindling natural gas production forces a reliance on expensive imports to prevent shortages.
The National Hydrocarbons Agency (ANH) published the natural gas production for April in Colombia.
The Colombian Natural Gas Association, Naturgas, raised concerns about the potential for an energy shortage in the country due to a continued decline in proven natural gas reserves.
The recent announcement by the CREG to integrate gas transmission networks, with adjustments in transportation by the distribution company Vanti, continues to spark opposition, particularly in the northern departments of Colombia.
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