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Delays in renovating the regulation of rates to transport natural gas has meant US$600M in investments have been delayed while the industry awaited more details over the course of the last five years, says the president of natural gas producer Promigas Antonio Celia Martínez.

As part of its plan expand the gas transportation infrastructure available in Colombia, gas distributor TGI, recently acquired by the Energia de Bogota Group, will expand the capacity of its Cusiana-Vasconia pipeline by 20 million cubic feet.

Canacol Energy (TSX:CNE) says that the first of three gas exploration wells, Palmer 1, has tested 14.4mmcpd, or 2,732boed, of dry gas.

GasOur estimates of gas production are trending downward. The government says the issue is lower demand but that still is worrying.

The Ministry of Mines and Energy (MinMinas) will meet this week with representatives of coal miners Cerrejón and Drummond, as well as Ecopetrol (NYSE:EC) to discuss Coal Bed Methane (CBM) that has been the center of conflict between the two coal miners over an unclear concession.

GasAfter a meeting between Colombian President Juan Manuel Santos and his Venezuelan counterpart Nicolas Maduro, authorities announced that Venezuela will extend its contract to import Colombian natural gas for another year to July 2015.

Spanish gas utilities firm Gas Natural Fenosa says that the number of conversions to Natural Gas Vehicles (NGV) in the first half of 2014 has grown by 17% year-over-year, after 9,691 vehicles were converted in Colombia.

GasThe Bolsa Mercantil de Colombia (BMC) has been awarded a five year contract to administer the transactions and prices of natural gas, which its president Iván Arroyave says will bring greater transparency and formality into gas transactions and the pricing established in the market.

GasThe International Finance Corporation (IFC), part of the World Bank, is leading the financing of US$240M in debt for a floating liquid natural gas plant (LNG) in the Caribbean being built by Pacific Rubiales Energy (NYSE:PRE), the first of its kind in the world.

The Ministry of Mines and Energy (MinMinas) has prioritized both an expansion of gas coverage and sought to protect that market against increased demand due to the El Niño weather phenomenon, but it has not been enough to guarantee supply for thermal generators.