An attempt by congressional members to place a tax on natural gas brought about a quick rejection from the Colombian Natural Gas Association (Naturgas). Lawmakers appear to have backed down, but it raises a number of questions as to the tax strategy for fossil fuels.
A port investment group (PIO SAS), is pushing forward to build Colombia’s second regasification plant called Puerto Solo, which would be located in Buenaventura, following the inauguration of Colombia’s first regasification plant Puerto Cayo in Cartagena.
The Energy and Gas Regulation Commission (CREG) recently organized an event to show its results during 2015 and 2016. HCC was present at the event; we bring a brief summary of the meeting.
Colombia’s Constitutional Court approved the ‘Fast Track’ bill which allows the government to start implementing the peace agreements with the Farc, and now the bill must be debated and voted on in congress.
The Ministry of Mines and Energy (MinMinas) organized an event to present its performance during 2016. MinMinas discussed Energy, Mining and Hydrocarbons, we will focus on our industry.
The president of the Dubai Chamber of Commerce and Industry (CCD) Hamad Buamim explained to Colombian press how his city’s economy has diversified past oil, and that it is a model which Colombia could follow and cooperate with.
The director of the Energy Mining Planning Unit (UPME) Jorge Valencia Marín said the entity has identified 12 projects, including a Pacific re-gasification plan, which will be needed to guarantee the supply of natural gas past 2021.
The former president of the Colombian Chamber of Oil Goods and Services (Campetrol) Ruben Darío Lizarralde was optimistic on the potential to develop the Colombian Caribbean waters for offshore oil production, as part of a move to ensure the country’s energy security.
Casanare had been on the media’s radar due to the way their royalties are being handled. It seems like delays, cost overruns and lack of efficiency spread throughout Colombia’s royalty distribution system. Córdoba and Boyacá on the other hand, will benefit from the ‘incentive to production’ projects, financed by MinMinas. These and other stories in our periodic summary.
Another significant change in the leaders of Colombia’s industry associations occurred this week after the Colombian Association of Naturgas named industry veteran Orlando Cabrales as its new president, replacing Eduardo Pizano.
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