Through the National Federation of Departments, Colombia’s governors have held an extraordinary meeting to align themselves and call on the government to release royalty funds assigned in the 2013-14 budget in their entirety.
The Farc attack in mid-April has eroded public support to its lowest point since the start of the peace process in November 2012, a Gallup poll has found.
The liberalization of the market and mass use of the domestic gas network, coupled with pricing decisions made on a political instead of technical or market basis is putting the country’s electrical energy supply at risk argues a newspaper column.
The Ministry of Mines and Energy (MinMinas) says prices will remain stable, while its own think tank questions the cost of subsidies to keep the price from rising.
The government will see a dramatic drop of CoP$20T in income coming from the oil industry that will leave a mark on its budget for 2015. This drop represents two thirds of the CoP$30T it received from the oil industry in 2013. This and other stories on the impact of the fall of prices in our periodic summary.
The new president of the National Hydrocarbons Agency (ANH) Mauricio De la Mora gave his most complete interview to date, and said that the agency is planning to adjust its policies based on the current market conditions.
The Colombian Chamber of Oil Goods and Services (Campetrol) and the Casanare Chamber of Commerce (CCC) signed an agreement as part of the new Oil & Gas Orinoquia services cluster to improve communication and cooperation.
The National Development Plan (PND) now includes specific measures which allow the National Hydrocarbons Agency (ANH) to adjust the contract timeframes and specific investment parameters in order to protect production and reserve growth, and a measure to stabilize natural gas prices.
In light of new discoveries in departments like Sucre while supply from La Guajira declines, gas transporters TGI and Promigas both have significant investment plans to expand the gas infrastructure network. Both still await authorities to take bigger steps forward.
In Havana, government negotiators and the FARC have returned to negotiations in the 36th round of talks, while Senator Alvaro Uribe has taken a much warmer position on the government’s handling of the peace talks.
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