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Venezuela’s Minister of Oil and Mining Rafael Ramírez says he is certain that Venezuela will stop buying natural gas from Colombia in August of this year and is nearly ready to start sending gas to Colombia as had been previously agreed.

A combination of factors has Colombia set to experience a boom in its proven gas reserves as the government also prioritizes production and consumption of the resource.

The Ministry of Mines and Energy (MinMinas) says it is looking to expand the access and reach of propane in energy generation and use it in areas that farther off the formal energy grid.

GasWe already published news of increased reserves for natural gas, which the Colombian Association of Natural Gas (Naturgas) says are now out to 15 years, but here are figures detailing the natural gas market in 2013 published by the association.

Naturgas, the Colombian association that represents the natural gas value chain from producers to distributors says the country has reserves for 14 to 15.7 years of demand.

Following up on a pilot program to subsidies the purchase of gas in cylinder the Ministry of Mines and Energy (MinMinas) says that the subsidies are ready to be claimed by for those who have qualified for the program in select municipalities.

Ecopetrol (NYSE:EC) highlighted the results of the recent bilateral negotiation, part of the government’s effort to redefine the commercial structure of natural gas in Colombia and lower prices for the final consumer.

Pacific Rubiales Energy (TSX:PRE) says it has reached a preliminary agreement to negotiate a five year sales and purchase agreement of 500,000 tons of liquefied natural gas (LNG) with Gazprom Marketing & Trading (GM&T).

GasThe first round of bilateral negotiations between natural gas producers and their clients and supply chain partners has come to a close, leaving the price at US$3.8 per million BTU, a US$2 drop from the existing price from the La Guajira field.

The Minister of Mines and Energy (MinMinas) Amylkar Acosta said that coal miners Drummond and Cerrejón must reach an agreement on the elongated dispute over overlapping Coal Bed Methane gas (CBM) and coal production rights in the Ranchería River Valley, and that they have a month to do so.