News and AnalysIs for

The project to build the Pacific Regasification Plant continues to attract detractors.

Ministers of Mines and Energy (MinEnergia), Diego Mesa, and Environment (MinAmbiente), Carlos Correa, spoke about the new taxes contemplated in the tax reform.

Senator Jose David Name organized a debate on political control over the Pacific Regasification Plant.

The tax reform plans to increase the VAT on gasoline. Experts spoke about the estimate of the increase in prices.

Naturgas joined the Bogota Clean Air Patc.

Campetrol’s Nelson Castañeda spoke about Fracking Pilot Projects (PPII), renewable energies and oil and gas reserves.

We do not have companies’ 1Q21 results but we can update our chart for 4Q20 and the trend we identified last time continues: higher Brent means a lower Vasconia offset. So a double benefit from higher Brent for Colombian E&Ps.

French bank Natixis plans to stop financing the trading of Ecuadorian crude oil by 2022.

Because the MinEnergia research institute (UPME) thinks we need more gas imports. We thought our readers might appreciate seeing some of the UPME’s graphs that, in their professional opinion, mean that another re-gasification plant is necessary. The source for all these graphs is the UPME. All we have done is translate the labels and titles – and provide commentary.

ACIEM talked about the project of a new regasification plant and its inappropriateness for the country.