The International Gas Transport Company (TGI) celebrated its 25th anniversary and announced through a press statement that its plan for 2017 includes investments in infrastructure.
Ecopetrol (NYSE: EC) has been strengthening its transport business in recent years. The Colombian company has great plans for this corporate area since it has become one of the most profitable.
Colombian media reported the country has one of the most expensive production processes in the world.
The Government seeks to reactivate gas exploration and production in the country, so it has initiated the Transitional Plan for the Supply of Natural Gas. This includes seven projects that aim to strengthen gas infrastructure at a national level.
A port investment group (PIO SAS), is pushing forward to build Colombia’s second regasification plant called Puerto Solo, which would be located in Buenaventura, following the inauguration of Colombia’s first regasification plant Puerto Cayo in Cartagena.
The director of the Energy Mining Planning Unit (UPME) Jorge Valencia Marín said the entity has identified 12 projects, including a Pacific re-gasification plan, which will be needed to guarantee the supply of natural gas past 2021.
The Heavy Crude Pipeline of Ecuador (OCP Ecuador) recently announced it has moved 10mmbl of Colombian crude, as the pipeline benefits from production in Putumayo. But the firm’s president Andrés Mendizábal explains its current volumes are well short of its original goals.
Government authorities inaugurated Colombia’s first regasification plant, El Cayao, in Cartagena, which is designed to be the backup for Colombia’s natural gas supply.
The Minister of Mines and Energy German Arce told his home department of Valle de Cauca that the government is clearing the path for a Pacific regasification plant in Buenaventura, but also could be creating a future conflict by insisting it would “be like having a Cusiana field” in the area.
The Ecuador Heavy Crude Oil Pipeline (OCP Ecuador) has reached its goal of transporting 10mmbl of Colombian oil.
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