At the 2nd Offshore Caribbean Forum: Energy and Progress, Ecopetrol’s General Manager for Offshore and Exploration, Elsa Jaimes, outlined the regulatory, technical, and institutional challenges Colombia must address to advance natural gas exploration and production in the Caribbean Sea.
The Colombian Ministry of Finance (MinHacienda) proposed tax reforms that would significantly increase the fiscal load on the hydrocarbons and mining-energy sectors, aligning with the government’s push for renewable energy transition.
Recent developments in Colombia highlight growing discontent among mining communities and labor unions over the government’s energy transition agenda, particularly its stance on coal production and exports in La Guajira and Cesar.
Gas imports in Colombia fell last month in both absolute and relative terms but that does not mean the issue has gone away.
Mónica de Greiff, chair of Ecopetrol’s (NYSE: EC) Board of Directors, ruled out the possibility of Colombia importing natural gas directly from Venezuela, citing U.S. sanctions.
At the 2nd Offshore Caribbean Forum: Energy and Progress, SPEC LNG, a Promigas Group company operating the regasification terminal in Cartagena, announced an expansion of its liquefied natural gas (LNG) processing capacity.
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