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Colombia’s National Hydrocarbon’s Association (ANH) will become the entity responsible for collecting royalties generated due to gas production starting January 1, 2014.

Pacific Rubiales Energy (TSX:PRE) has formed new subsidiaries that will focus on the export of natural gas from production fields in the Sucre Department.

Colombia’s gas industry is moving towards an open market instead of using an auction system as a way to lower gas prices at the wholesale level. The full supply offer is set to delivered to the industry this week and the negotiation phase will start on September 30.

Colombia’s Regulatory Commission of Energy and Gas (CREG) has opened the possibility of exporting gas and building a US$400M liquefaction plant on the Caribbean cost, says Promigas president Antonio Celia.

GasColombia’s gas reserves are sufficient to cover internal demand for the next 14 years says the president of Promigas Antonio Celia.

Ecopetrol looks to grow its gas production to between 195-260 KBPDE by 2020, depending on how much the industry is able to harness off-shore and unconventional reserves. Production in 2012 reached 119 KBPDE and should grow to 127 KBPDE in 2013.

In one of his last acts as mining and energy ministry, Federico Renjifo Veléz told press at the 2013 press gathering organized by natural gas association Naturgas that the government’s policy going forward will focus on liberalizing prices from the La Guajira field and building more regasification infrastructure. Will the new minister, a native from La Guajira, change this?

GasThe natural gas industry needs to incorporate 30,000 buses and industrial vehicles to natural gas as a way to advance a more ecological alternative to diesel. This would mean growing the share of natural gas powered vehicles (NGV) to 15% in 10 years, compared to 8% today.

Energy subsidies included in 2013 are not receiving the same allotment in the 2014 budget, the amount assigned is short CoP$600B (USD312M) , according to estimations from Colombia’s ministry of Mines and Energy (MinMinas).

After an prolonged debate the Colombian government issued a resolution that aims to lower gas prices using either bilateral agreements or public auctions, depending on the balance of supply and demand.