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Regulations & Policy

Rumors of higher gas tariffs

Amid growing concerns about a potential gas shortage in Colombia, there’s increasing speculation about a rise in household gas tariffs.

Wednesday, October 23rd, 2024
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Bolivia’s socialist dream collapses

For years, Bolivia was seen as a rare socialist success in Latin America, achieving economic growth, low inflation, and reduced poverty. However, the country’s mismanagement of its gas resources provides a cautionary tale.

Tuesday, October 22nd, 2024
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200% carbon tax hike?

Colombian Finance Minister (MinHacienda) Ricardo Bonilla appeared before the Senate’s Commission IV to introduce a new tax reform bill, known as the “Financing Law.”

Monday, October 21st, 2024
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Summit and anti-summit

At the beginning of October, the oil and gas industry held its annual three-day summit, this time in Cartagena. Overlapping slightly, the Petro government also held a three-day summit called Feria de las Economias para la Vida (Economies for Life Fair) or FEV. The President and the Minister of Energy at least seemed to position it as the opposite of the Oil and Gas Summit.

Monday, October 21st, 2024
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Catalyst for change in Colombia’s regions

Ecopetrol (NYSE: EC) has become a driving force for regional development through its focus on sustainability and social responsibility.

Thursday, October 17th, 2024
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Naturgas warning

Naturgas warning

Luz Stella Murgas, President of the National Association of Natural Gas (Naturgas), issued a stark warning.

Thursday, October 17th, 2024
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Clarity on new royalty formula

Following a recent meeting, Colombia’s governors, organized under the National Federation of Departments (FND), called on the national government to review the new formula for the General System of Royalties (SGR) budget for the 2025-2026 period.

Thursday, October 17th, 2024
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PGN on Komodo-X1

The Inspector General’s Office (PGN) requested that the National Environmental Licensing Agency (ANLA) lift the suspension of the environmental licensing process for the Komodo-X1 offshore hydrocarbon exploration drilling project, located in the COL-1 block of the Caribbean Sea.

Thursday, October 17th, 2024
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Colombia’s major gas discoveries

Seven years ago, Colombia celebrated what was hailed as the country’s largest natural gas discovery in four decades.

Thursday, October 17th, 2024
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Extractive sector surtax upheld

In its ruling C-420, Colombia’s Constitutional Court upheld the corporate income surtax imposed on the mining and energy sector, as established in the 2022 tax reform.

Wednesday, October 16th, 2024
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