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At last week’s Oil and Gas Summit, Luis Miguel Morelli laid out his plans for the ANH in some detail. Hydrocarbons Colombia attended, bringing back this report and commentary.

The recent First Oil and Gas Summit was an opportunity to answer two important questions: how is the industry doing and are the government and the industry on the same page?

The Senate’s Fifth Commission will soon decide on three projects that could potentially ban fracking in Colombia. Industry experts spoke about what could happen if authorities close the doors to unconventional resources.

Iván Duque, President of Colombia, inaugurated the First Oil and Gas Summit: 100 years promoting the development of Colombia. HCC was present at the event and we bring a brief summary of the meeting.

Cundinamarca’s Administrative Court admitted a lawsuitthat seeks to annul the Pacific Regasification Plant project.

Colombia’s Natural Gas Association (Naturgas) spoke about the effects of the State Council’s decision to suspend existing fracking regulation.

The National Agency of Environmental Licenses (ANLA) announced fiscal benefits to firms that prevent pollution scenarios and work towards improving Colombia’s environmental conditions.

During the political control debate that took place in Senate’s Fourth Commission, Senator and president of that Commission, Nicolás Pérez, spoke about Ecopetrol’s (NYSE: EC) assets and Colombia’s finances.

Late Friday afternoon, the State Council issued a decision suspending existing fracking regulation. Recent governments have denied there was any regulation on fracking so it is not clear what the implications might be, nor is it clear what impact this might have on Ecopetrol’s (NYSE:EC) proposed trial.

The non-public oil sector proposed pilot fracking projects in the Magdalena Medio Valley (VMM) to show Colombians that these projects could be developed in a friendly way with the environment. However, the National Agency of Environmental Licenses (ANLA) decided against this alternative.