Irene Vélez, new Minister of Mines and Energy (MinEnergia), spoke about gas self-sufficiency and the possibility of importing natural gas.
It is hard to believe that President Gustavo Petro was only inaugurated a week ago (as we write). The new government has already submitted two draft laws which represent its campaign commitment to hobble the extractive industries, especially oil and gas: a tax reform and a law against unconventional reservoirs. Here we do some simple graphics to illustrate the potential consequences of the windfall tax included in the former.
The Minister of Environment (MinAmbiente) Susana Muhamad filed a bill to ban fracking in Colombia.
The Ministry of Mines and Energy (MinEnergia) reported royalties’ collection during January 2021 and July 2022.
The Ministry of Mines and Energy (MinEnergia) said that the new minister, Irene Vélez, does meet the requirements to take office.
Energy sector experts talked about how the energy transition process should be evolve in Colombia, and the role of natural gas in this process.
It is dressed up in fancier, greener language and other countries well known for their prudent economic management like Angola and Argentina (ahem!) are quoted as examples, but MinHacienda Juan Antonio Ocampo’s proposed oil export tax is really just a windfall tax on oil revenues which will be more burdensome for foreign companies than for Ecopetrol.
Through his social networks, President Gustavo Petro announced the new Minister of Mines and Energy (MinEnergia).
The new government of Gustavo Petro proposes a “traffic light of initiatives” in which those located in the red color will not be maintained in the next four-year term. Among these are the fracking pilots (PPII). Former President Ivan Duque talked about this issue.
A group of experts from the Department of Mining and Energy Law of the Universidad Externado and the Institute of Political Science Hernán Echavarría Olózaga (ICP) analyzed the opportunities and challenges to guarantee energy security in Colombia.
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