News and AnalysIs for

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.

Naturgas, the association of producers, transporters and distributors held its annual meeting in Cartagena last week. Colombian President, Juan Manuel Santos, attended a ribbon cutting ceremony to launch gas services in a historic small town near the city and then addressed the association’s membership, giving a pep talk for domestic gas. From a Naturgas press release, translated and with commentary by Hydrocarbons Colombia.

Last week was the natural gas industry association’s annual conference and he minister’s speech is a much anticipated event. MinMinas Renjifo did not disappoint the crowd with the breadth of his speech but we understand the content has the industry concerned over certain points. From a MinMinas press release, translated and with commentary by Hydrocarbons Colombia.

Portafolio reported that during the XVI Naturgas Congress, the superintendent of Domestic Public Services, César González Muñoz, said the management of the Gas Development Fee Fund budget has been inefficient, because the US$30.5M (77% of total approved projects) invested between 2007 and 2012 benefited only 54,601 of the 78,823 users the government expected to benefit.

ProductionMinMinas recently published final oil and final gas production numbers by month for the period January to December 2012. The graph shows the distribution of production by department.

The Emir of Qatar visited Colombia last week and he and President Santos signed a number of agreements for intergovernmental cooperation. Although the agreements spanned a range of activities including sport, we found this press release on the MinMinas web page. Translated and with commentary by Hydrocarbons Colombia.

Just before the National Hydrocarbons Agency conference, Canacol announces it is purchasing Shona Energy for a mixture of cash and shares.