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Colombian oil industry has announced gas discoveries in the Caribbean Sea recently. It increased reserves and several experts are talking about this topic.

GasConcern in the gas and energy sectors is growing because they do not see an update or clear rules to operate. Representatives of the sectors spoke about this situation.

GasCharlie Gamba, President of the firm said that the departments of Cordoba and Sucre have potential to supply half of Colombia’s reserves.

GasThe Ministry of Mines and Energy (MinMinas) published official production figures for May 2017 and we will focus on gas this time. The statement was minimalist without any attemptto explain production behavior for either crude or gas.

GasConcern in the electricity and natural gas distribution sector are growing because of lack of resources for national subsidies. Representatives of these industries spoke about this situation.

GasThe Colombian Petroleum Association (ACP) said that the country needs big changes to guarantee gas self-sufficiency in Colombia.

GasThe Colombian Mercantile Exchange (BMC) confirmed the news.

Ecopetrol (NYSE:EC) announced “the largest gas discovery found in the last 28 years in Colombian territory,” but the announcement just might be larger than the importance of the discovery itself.

The country has been waiting for offshore exploration results with optimism. Ecopetrol (NYSE: EC) announced the first big finding of the offshore exploration campaign.

In addition to considering that there could be a gas shortage in the country by 2018, the Comptroller General showed its concern about the effects that delays in the planning and implementation of new gas projects could have.