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.
Outcry over plans to increase the price natural gas as it is fixed by the market has led to an agreement between the government and industry to postpone planned rate increases this month.
The attention always goes to crude oil production which gets the headlines. But there are worrisome trends in gas production as well.
Regional governors, industry associations and congressional leaders have sounded the alarms on rate increases on natural gas that are planned for the Caribbean coast for 2015. Critics say the rise will amount to a 25% increase and effect both thermal generators and home consumers.
Terpel’s Gazel chain says that it expects that within 5-10 years there will be up to 30,000 buses and trucks running on natural gas instead of diesel.
GasA recent congress for energy wholesalers in Cartagena served to take yet another look at the burning questions facing the natural gas industry of whether or not there is sufficient supply of the resource in the midterm.
David Riaño assumed the role of president of Colombia’s main gas transporter TGI around a week ago, and has now announced an investment plan of US$200M to invest in three strategic projects that will expand the company’s capacity.
Colombia’s main gas transporter TGI has moved Riaño Alarcón into the role of president, drawing on his experience with the firm as regulation manager as the firm looks to adapt to a new regulatory framework for gas.
A kind of class action lawsuit, or “Popular Action” has been verified Casanare Administration Tribunal after a public hearing late last week, in which Ecopetrol (NYSE:EC) has been required to install a valve for its natural gas line to the Agauazul municipality.
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