Colombia’s Energy & Gas Regulation Commission (CREG) has started the process to contract an administrator of the natural gas market, part of its long term wide reaching evolution of how the gas market is regulated.
A local executive from Venezuela’s NOC PDVSA has said the firm will not extend a bilateral contract to procure Colombian gas, freeing up production for internal use, and forming another element beyond a market liberalization that should push gas prices down.
GasThe Colombian association of Natural Gas (Naturgas) is holding its second business roundtable in an effort to bring the sector up to date on the latest developments and promote new business and alliances.
In the last week three successive attacks week have shut down the Caño Limon-Coveñas painting a complicated picture for transport infrastructure in areas where the ELN and Farc operate, and have also stopped Colombian gas exports to Venezuela along a separate pipeline.
As part of a new strategy to increase consumption of Liquefied Petroleum Gas (LPG) the Ministry of Mines and Energy (MinMinas) has announced a subsidy pilot program in low income communities.
Colombia’s National Hydrocarbon’s Association (ANH) will become the entity responsible for collecting royalties generated due to gas production starting January 1, 2014.
Pacific Rubiales Energy (TSX:PRE) has formed new subsidiaries that will focus on the export of natural gas from production fields in the Sucre Department.
Colombia’s gas industry is moving towards an open market instead of using an auction system as a way to lower gas prices at the wholesale level. The full supply offer is set to delivered to the industry this week and the negotiation phase will start on September 30.
Colombia’s Regulatory Commission of Energy and Gas (CREG) has opened the possibility of exporting gas and building a US$400M liquefaction plant on the Caribbean cost, says Promigas president Antonio Celia.
GasColombia’s gas reserves are sufficient to cover internal demand for the next 14 years says the president of Promigas Antonio Celia.
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