Ecopetrol (NYSE: EC) wants to increase its gas production and the firm is looking for strategic alliances. The NOC will have a meeting with the Malaysian company Petroliam Nasional Bhd (Petronas).
Gas supply has been one of the main issues in the country. The government has identified the main investments that the natural gas industry needs to guarantee self-sufficiency in Colombia. .
The new resolution will define the conditions for biogas and biomethane service at a domestic and industrial level in Colombia in terms of quality, safety and tariffs.
The commitment to increase reserves is giving its first results. Ecopetrol (NYSE:EC) recent announcement of exploration´s results in the Colombian Caribbean boosted perspectives for this year.
The Sectorial Studies Direction of the General Comptroller conducted a discussion on natural gas and its supply. The Mining Ministry (MinMinas) and the Energy Mining Planning Unit (UPME) participated in the event.
GasAlmost at ‘the last possible moment, MinMinas finally published production numbers for January 2016. While crude oil went up, natural gas continued to slide. Although some companies are increasing their production, there is not much reason for optimism at the national level.
At the very end of the fourth last business day of February, MinMinas finally announced oil and gas production for January. For oil, it was good news; for gas, not so much.
The gas industry in Colombia is having an intense debate between members of the hydrocarbons sector and the National Government. Some companies in the sector do not agree with these plants while the government wants to promote them.
A report in La República shows the price per cubic meter (m³) that Colombians pay in each department. Servicio Públicos y Gas S.A., a small company located in Tolima, surpasses over three times some other companies in the same department.
The Energy and Gas Regulation Commission (CREG) released its management and results report for 2016. Last December CREG gave us a global balance for the year. This report goes into more detail on the regulated sectors. We will focus on Natural Gas and Propane.
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