ACP president Frank Pearl argues in this opinion column that Colombia’s fiscal crisis makes reactivating hydrocarbons investment not just an energy question but a fiscal necessity.
A joint study by six industry trade associations argues that decisions Colombia makes today on oil and gas exploration will determine how much fiscal capacity the country has to fund earthquake reconstruction, poverty reduction, and social priorities through 2050.
Round one of the presidential elections was in May and we have had Abelardo de la Espriella (ADLE) for a month. What can we expect from now to December?
The Agencia Nacional de Hidrocarburos announced the creation of the Grupo Estratégico de Aceleración de Proyectos de Gas (GEAPG), a temporary institutional coordination mechanism aimed at accelerating new natural gas volumes into the market as El Niño approaches.
Sergio Arturo Piñeros Botero was sworn in August 13 as director of the Agencia Nacional de Licencias Ambientales (ANLA), the agency responsible for licensing hydrocarbons, electricity, and other infrastructure projects nationwide, succeeding Irene Vélez Torres.
President Abelardo De la Espriella’s government named Ernesto Francisco Forero Fernández de Castro as president of the Agencia Nacional de Hidrocarburos (ANH) via Decreto 1189, dated August 12, one of four appointments across the sector’s key technical entities.
Following a meeting with the Colombian Natural Gas Association (Naturgas), Minister of Environment Fabio Arjona endorsed natural gas as a fundamental fuel for Colombia’s energy transition, framing it as compatible with energy security, emissions reduction, and territorial protection.
President Abelardo De la Espriella’s arrival has revived hopes of restoring Colombia’s natural gas self-sufficiency through unconventional reservoir development, with industry experts pointing to substantial potential across eight basins beyond the long-discussed Middle Magdalena Valley, following more than 15 years of regulatory and environmental debate.
Electricity market controller XM’s interim general manager Juan Carlos Morales was direct about what backing up Colombia’s hydro-dependent grid through El Niño will require: ‘we’re going to need coal and gas, as well as liquid fuels… the entire generation chain of the system will be called upon.’
The Colombian peso closed Wednesday, August 19 at CoP$3,039 to the dollar, its strongest level since 2018, with the year-to-date decline in the exchange rate now exceeding 17.5%, roughly CoP$658 less per dollar than where the year began (~CoP$3,757).
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