News and AnalysIs for

The Colombian government announced the terms of reference for the Permanent Competitive Process (PPAA), generating high expectations in the oil sector. The companies have shown their interest in developing oil projects in new regions of the country.

The National Environmental Licensing Agency (ANLA) asked Montajes JM SA to present detailed information about its project in Cundinamarca. Here are the details.

The Colombian Chamber of Goods and Services (Campetrol) organized a forum on water protection in Sogamoso (Boyaca). There were local and national authorities, environmentalists, academics and representatives from the oil sector.

The National Environmental Licensing Agency (ANLA) gave an update on its latest activities to assure best practices in the development of new projects.

Ivan Duque, President of Colombia, tabled a project to reform the General System of Royalties (SGR) a few weeks ago, opening a political debate on this issue.

Colombian authorities continue to insist on the construction of a new regasification plant in Buenaventura, although some experts have expressed their rejection of this alternative. The Mining and Energy Planning Unit (UPME) spoke about this project.

The crisis in Venezuela opened the possibility of increasing oil exports from Colombia to the United States, generating great expectations in the sector. However, Moody’s made a report on this situation, and the results are not very encouraging.

Colombia’s Vice-president, Marta Lucía Ramírez, closed Naturgas’ 22^nd Congress, where she spoke about the opportunities and challenges of the gas industry in the country.

As we reported recently, what we have been calling the “Commission of Experts” published their final report. It is 173 pages (in Spanish obviously) and not exactly stimulating reading (which shows its scientific ‘cred’). We abridged the two recommendations chapters, 13 and 14, and translated them into English. We hope you find it useful.

The oil and gas sector has announced discoveries of natural gas in the Caribbean Sea in recent years, but concerns about a possible increase in imports of this fuel are still present. Orlando Cabrales, President of Naturgas, spoke on this topic, investment plans and the situation of the gas market in Colombia.