News and AnalysIs for

President Gustavo Petro sent a message to investors during his state visit to Spain.

Resolution 40066 of 2022, which governs the management of Gas Natural, is being amended to improve definitions and procedures related to gas emissions and their utilization.

The Colombian government issued a new decree, Resolution 40332, which establishes the methodology for the distribution and allocation of royalty resources.

The president of the Colombian Petroleum and Gas Association (ACP), Francisco José Lloreda, has urged the government to work together to address the global climate crisis.

The national government’s decision not to sign new contracts has been questioned by the sector. This has focused attention on the balance of reserves, which will snapshot the country’s energy sovereignty, La Republica reported.

Tomás González, Director of CREE, highlighted the risks Colombia faces if it fails to transition to renewable energy sources securely.

After ruling for almost nine months with various ministers from the traditional parties that made up the coalition government, President Gustavo Petro removed center-right forces from his cabinet to make way for loyal and longtime allies.

President Gustavo Petro made a significant reshuffle of his cabinet in a bid to reorganize its team and relocate some officials. In total, eight changes were made, seven in ministries and one in the Administrative Department of the Presidency of the Republic (Dapre).

ACP’s Francisco Jose Lloreda spoke about the expected investments for this year and other relevant issues.

The Minister of Mines and Energy (MinEnergia), Irene Vélez, spoke about the decision not to sign new exploration contracts, the suspension of activities by some companies and other key issues in the sector.