Oil prices have fluctuated in recent weeks, affecting Colombia’s exchange rate.
The Colombian government spoke about the GDP’s behavior in 2019, highlighting the industry’s role in this metric’s performance.
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.
We are planning a major article on the UPME’s latest forecasts for gas next Monday. This chart was interesting but not entirely on topic so we thought we would publish it separately.
The National Hydrocarbons Agency (ANH) has been working on modifications to Agreement 02, aimed at promoting the sector’s reactivation. The entity could issue a new Agreement soon.
The efforts of the Organization of Petroleum Exporting Countries (OPEC) to stabilize oil prices have not been enough to regulate this metric.
Colombia continues to discuss the benefits of developing unconventional resources. Naturgas’ Orlando Cabrales spoke on the matter in an interview with La Republica.
This article in El Espectador talks about what is at stake, if Colombia loses self-sufficiency.
The National Environmental Licensing Agency (ANLA) received 80 requests for environmental licenses in the oil and mining industry, during 2019 alone.
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.
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