The Minister of Mines and Energy Amylkar Acosta published an opinion piece in which he highlighted the gains in terms of energy security for the country, pointing out that it is one of the highest ranked nations in terms of energy security in the region, something that will be crucial to prepare for potential effects of El Niño weather phenomenon.
GasPacific Rubiales (TSX:PRE) will receive US$75M from the International Finance Corporation, part of the World Bank, for a liquid natural gas LNG plant that it is building to export gas produced by the company from the La Creciente field.
GasThe Energy and Gas Regulation Commission (CREG) presented its efforts and the changing face of the gas industry during a recent conference, pointing out how new regulatory policies are helping promote the industry’s effectiveness.
Despite higher average temperatures and droughts in regions such as Casanare, authorities say that the national energy grid should have no problem covering energy demand from hydroelectric dams, even if rainfall over the next couple of months is lower than expected.
Colombia’s Association of Natural Gas, Naturgas, held its annual conference last week in Cartagena and drove a message home of growth and potential for the industry. Here we publish a summary of some of the highlights.
GasEcopetrol (NYSE:EC) will build a bi-directional gas plant together with Chevron (NYSE:CVX) in order to both store natural gas in case of shortages and also export to other markets.
GasThe Colombian Association of Natural Gas (Naturgas) says 2013 was a positive year for the natural gas industry and that its use continues to grow, and it now has a 24.4% share of primary energy production, and that if methane gas associated with coal can be harnessed, reserves could triple over the next five years.
The board of directors of Gas transport firm TGI agreed to pay out 100% of the company’s profits from last year to shareholders, spreading the profits from financial consolidation as the company harnesses the growing gas market.
GasThe Minister of Mines and Energy Amylkar Acosta is confident that a natural gas boom is coming to Colombia and that exporting gas to Panama, before the United States supplies the Central American market, is a current option.
GasThe Ministry of Mines and Energy (MinMins) cast away any shadow of doubt that the regasification plant contract that has faced scrutiny in the local press is anything short of a sure thing.