So my first fearless prediction did not come true. I said in December this article would be published in January and it is already nearly the end of February. Please do not take this as an indicator of my forecasting ability.
The UPME recently released its forecasts of natural gas supply and demand. It concludes a second regasification plant is required and it has to be in Buenaventura. Surprise! Wow! Amazing! Did not see that coming! Thank goodness Colombian taxpayers can count on an impartial agency like the UPME to objectively study these important issues.
Gas is a ‘hot topic’ presently with concerns about self-sufficiency and the right strategies to address them. In a very timely contribution, Tomás de la Calle returns with a multi-part article on the Colombian gas market.
Or even in Latin America. The headline might have upset your board members or institutional investors when it appeared a few weeks ago but it was false. Colombia is not exactly a shining example of public service morality but not the most corrupt in the world or even the region.
As a belated Christmas gift perhaps, the Energy Ministry published a draft decree to govern Integrated Investigation Pilot Projects for unconventional technologies (PPII). The public has until Monday January 20th, 2020 to comment.
About half the ‘end-of-year’ articles I see look forward and half look backward. I like to do both as we cross into a new year, some (most?) say into a new decade. This week I look backward and then about one month from now with the first What We Think article of 2020, I will look forward.
Ecopetrol’s 9-month results to September 2019 show that, once again, the Transport Line-of-Business (LOB) has compensated for lower oil prices and poorer margins in the Refining LOB. Ecopetrol (NYSE:EC)