In separate press articles, the leader of the natural gas industry association (Naturgas), Eduardo Pizano and the head of the electrical generation industry association (ANDEG), Alejandro Castañeda look to reassure consumers that supply will not be affected in the coming dry season.
Starting at the beginning of May Colombia cut off gas exports to neighboring Venezuela to guarantee a constant supply of the resource considering the El Niño weather phenomenon. Venezuelan authorities are less than pleased and say the decision could impact its supply to Colombia in the future.
Rainfalls have fell short of expectations to keep hydro-energy on at full, but authorities say that the energy is well shielded against issues that could cause supply shortages, mainly due to a strong supply of gas. However generators do not want to see gas exports to Venezuela resume just yet.
GasThe Ministry of Mines and Energy Amylkar Acosta welcomed the announcement of a US$249M gas recovery program being implemented jointly by Ecopetrol (NYSE:EC) and Chevron (NYSE:CVX) that he says will extend Colombia’s gas reserves by eight years.
After a seven year dispute and hours before a government mandated deadline, miners Drummond and Carrejón have reached an agreement to proceed with the extraction of methane gas associated with a coal deposit in La Guajira.
An innocent question – are there official forecasts of natural gas production? – led to an interesting discussion of the definition of ‘production’ at least as used by industry in Colombia.
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.
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