After the results of the exploratory gas well drilling in the Caribbean offshore, Orca Norte 1, Ecopetrol decided to cancel the pipeline project that was planned to connect this deposit with the existing pipeline in the Chuchupa field, generating concerns in the country.
Colombia’s Environment Minister (MinAmbiente) Susana Muhamad revealed the financial hurdles the country faces in its energy transition.
A new bill was approved establishing subsidies for connecting and installing propane in new social interest housing (VIS) and priority interest housing (VIP).
We came across the National Planning Department’s detailed royalty budget for 2023 – 2024 (a two-year budget) and a bit of analysis got us thinking about what drives the allocation. The simple pie-chart illustrates some of the key points but we did some more sophisticated work to show the main levers.
Despite recent statements by Finance Minister Ricardo Bonilla (MinHacienda), Colombia’s oil production is projected to fall short of the 1,000mbd mark.
In May, some municipalities in Santander, including those in the metropolitan area of Bucaramanga, saw their household gas bills surge by up to 53%. This significant increase prompted the Energy and Gas Regulatory Commission (CREG) to clarify on this issue.
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