Despite Colombia’s declining proven gas reserves, the country holds resources in its subsoil and Caribbean waters capable of guaranteeing supply and continuing to expand household connections, Naturgas president Luz Stella Murgas said in an interview.
Round one of the presidential elections was in May and we have had Abelardo de la Espriella (ADLE) for a month. What can we expect from now to December?
Vanti president Rodolfo Anaya said the Sandía gas discovery, located in the Caribbean near the Sirius field, could double Colombia’s gas reserves once official reports from operators Ecopetrol and Petrobras confirm its scale — a potentially pivotal find given the country’s ongoing loss of energy self-sufficiency.
Drummond Energy is abandoning its planned regasification terminal in Ciénaga, Magdalena, to focus entirely on developing unconventional shale gas in Cesar, betting on President Abelardo De la Espriella’s fracking-friendly stance.
Colombia’s unconventional hydrocarbons (YNC) could extend national gas self-sufficiency by roughly 70 years and oil self-sufficiency by nearly 16 years, relative to 2020 production levels, according to a Corficolombiana report.
President Abelardo De la Espriella’s arrival has revived hopes of restoring Colombia’s natural gas self-sufficiency through unconventional reservoir development, with industry experts pointing to substantial potential across eight basins beyond the long-discussed Middle Magdalena Valley, following more than 15 years of regulatory and environmental debate.
We easily accept that 18th Century technology was radically different from today, but we can be shocked to find that human and political issues haven’t changed.
Argentina has become Latin America’s benchmark for unconventional hydrocarbons development, and Colombia is now looking to that experience as it moves toward authorizing fracking under President Abelardo De la Espriella.
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