News and AnalysIs for

Natural gas producer and distributor Madigas says it will invest COL9B (US$4.77M) throughout Colombia this year with around COL4.5B of it focused in the Caldas Department.

Natural gas producer Promigás has been offered up to US$100M in financing from the Interamerican Development Bank to improve its “Brilla” lending program due to its success in helping the bottom of the pyramid.

Colombia’s association of natural gas producers Naturgas has formulated three proposals that it says will make gas more competitive for industrial use. It has presented its proposal to regulatory authorities for their review.

GasTwo firms, Promigás and NEOgás, are planning investments to expand existing operations or initiate new activities related to natural gas production and distribution.

Photo: MinMinas
MinMinas Federico Renjifo has a big smile as he helps an unidentified citizen of Valle de Cauca cook on her new gas stove. Maybe it is a sign that he believes more in the concept that there are over 16 years-worth of gas reserves than the concept that the country will run be in shortages by 2019. From a MinMinas press release, translated and with commentary by Hydrocarbons Colombia.

Our publication of Naturgas press releases and their criticism of statements by Santiago Urdinola, VP of Mining, Hydrocarbons and Energy at business persons’ association ANDI has sparked a reply from the ANDI. It seems the statement about potential gas shortages in 2019 were in fact based on well-informed study, in particular scenarios developed by the UPME, a MinMinas research institute on energy issues. We publish in full their letter to us and finish with our commentary.

GasSantiago Urdinola must wish he had never got out of bed the day he told a public audience that the country could face rationing as early as 2019. Since then fire and brimstone have rained down from the office of the natural gas industry association Naturgas.

This the longer version of the ANDIs study on gas supply. From an ANDI press release, translated and with commentary by Hydrocarbons Colombia.

Santiago Angel Urdinola, VP of Mining, Oil and Energy, of national business persons association ANDI gave a speech where he suggested that the country might experience shortages and rationing by 2019. This got Naturgas – the association that represents natural gas distributors, transporters and producers – upset and they issued this press release. Translated and with commentary by Hydrocarbons Colombia.

At the natural gas industry’s annual conference a few weeks ago, ex-ANH head and now Vice-minister of Energy, Orlando Cabrales, talked about the Coal Bed Methane (CBM) opportunity. The only National Hydrocarbons Agency (ANH) auction planned this year is for CBM and the next big oil and gas auction is not expected until 2014. Based on the data which we show in the above chart, Cabrales expects 23TCF of CBM to be available from the six top areas.