News and AnalysIs for

Colombia’s Energy and Gas Regulation Commission (CREG) introduced a set of new regulations designed to increase flexibility in the commercialization of natural gas.

The USO issued an urgent call to Ecopetrol (NYSE: EC) and the Colombian government to take immediate action in reactivating hydrocarbon exploration and production to boost the country’s reserves.

The distribution of wealth generated in Colombia and ensuring it reaches all regions relies heavily on the royalties’ system. This mechanism, managed by the General System of Royalties (SGR), is designed to use revenues from the efficient development of non-renewable natural resources.

After two years under President Gustavo Petro’s administration, the balance in the energy and extractive sector presents a mixed picture.

On August 26, Bogotá will host the first-ever Regional Methane Summit for Latin America and the Caribbean, a landmark event aimed at addressing the significant impact of methane—a potent greenhouse gas—on climate change.

Just as Colombia’s National Environmental Licensing Authority (ANLA) was about to issue a decision on granting an environmental license for one of Ecopetrol’s most significant offshore hydrocarbon exploration projects, a new obstacle emerged from the Ministry of Environment (MinAmbiente).

Colombia is set to see a significant increase in its natural gas transport capacity following recent decisions by the Energy and Gas Regulatory Commission (CREG).

And it’s only half over… The past two years since President Gustavo Petro’s inauguration on August 7^th 2022 have not lacked for excitement – or risk. For oil and gas investments in Colombia, the Chinese curse “May you live in interesting times” has never been more apt. But, frankly, we are living it and surviving.

At the Cambio forum titled “Legal Security and Investment: What is Happening in Colombia?”, experts from various sectors, including social development and the private sector, gathered to discuss the current challenges and opportunities related to economic growth within the country’s legal framework.

Bogotá hosted the first workshop titled “Promoting Environmental Compensation of the Biotic Component through Knowledge Management in the Mining and Energy Sector.”