The recent resolutions by the Energy and Gas Regulatory Commission (CREG) represent a significant step towards bolstering Colombia’s natural gas infrastructure amid looming concerns of potential gas deficits starting in 2025.
Colombia’s Comptroller General, Carlos Hernán Rodríguez, raised an urgent alarm regarding potential irregularities in the handling of royalties within the country.
In a recent motion of censure debate, Colombia’s Minister of Mines and Energy (MinEnergia), Andrés Camacho, firmly rejected the possibility of importing gas from Venezuela. This stance contrasts sharply with earlier statements made by Ecopetrol’s president, Ricardo Roa, who had hinted at the potential for such imports.
Tomás González, Director of the Energy and Gas Regulatory Commission (Cree) highlighted a concerning trend in Colombia’s gas reserves.
In a move to ensure the efficient management of Colombia’s oil and gas reserves and contingent resources, the Interinstitutional Hydrocarbons Committee will hold its inaugural meeting on August 6, 2024.
For all the doom and gloom from commentators (like us!) and falling key driver statistics, oil production is up in 2024 versus 2023. Who or what is responsible?
The Colombian economy has been grappling with sluggish growth, as evidenced by the mere 0.6% expansion in 2023. The private sector, a vital engine for economic vitality, faces numerous challenges, including bureaucratic hurdles, delayed permits, and stalled licenses.
Alexander López Maya, Director of the National Planning Department (DNP), called on all sectors of Colombian society—social, economic, and political—to allocate resources from the General Royalties System (SGR) towards implementing a new energy matrix model and environmental protection.
For the tenth consecutive year, the Colombian Petroleum and Gas Association (ACP) has released its economic report, “Trends and Perspectives of the Oil and Gas Sector in Colombia.”
Inaugurating the Colombian Institute of Petroleum and Transition Energies (Icpet), President Gustavo Petro emphasized the urgent need to move away from coal and oil due to their greenhouse gas emissions.
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