News and AnalysIs for

President Gustavo Petro and former president Álvaro Uribe Vélez spoke about the proposal to import gas from Venezuela.

The possibility of importing gas from Venezuela brought back memories of a frustrated negotiation between both countries to import and export this fuel.

The Colombian Oil and Gas Association (ACP) presented two possible scenarios for the future of the oil sector in Colombia.

The Minister of Mines and Energy (MinEnergia), Irene Vélez, and Naturgas’ Luz Stella Murgas, met to discuss issues like Colombia’s energy transition and energy security.

The gas sector was struck by the recent announcement of a potential halt to exploration activities, which would open the possibility of importing this fuel.

The controversy surrounding the tax reform of Gustavo Petro’s government continues to spark debate in Colombia’s economic, political, business and academic circles.

Environmental expert Juan Pablo Ruiz wrote an opinion column on Fracking Pilot Projects (PPII).

President of Colombia, Gustavo Petro, wants to transform oil companies in Latin America.

The Colombian Petroleum Association (ACP) issued a warning regarding the possible consequences that tax reform might have on industry companies.

Last week, we published some quantitative analyses on certain aspects of Colombia’s proposed tax reform. Here are some qualitative comments on ideas in the draft bill that are either not quantifiable or where we decided there were too many scenarios to make quantitative analysis feasible. Note that as we write – August 21, 2022 – MinHacienda is talking about changes to the draft and there will be negotiations in Congress from now until the bill passes. If there are significant changes to the bill, we will likely publish a new commentary rather than updating this one.