Promigas announced on December 23 a new advance in the Barranquilla-Ballena Bidirectionality Project by placing into operation, ahead of schedule, 20 mmcfd of additional natural gas transport capacity between the Caribbean coast and Colombia’s interior.
Colombia’s Works for Taxes (Obras por Impuestos) mechanism will begin 2026 without an approved quota, according to the Territorial Renewal Agency (ART), which confirmed that despite inquiries from companies, territorial entities, and community organizations, the maximum amount for 2026 remains undefined.
Ecopetrol received the “Gold Standard” recognition for the third consecutive year for its advances in methane emissions management, detailed measurement plan implementation, reporting quality and transparency, and establishment of reduction targets. The recognition is granted by the Oil and Gas Methane Partnership (OGMP 2.0), an initiative led by the United Nations Environment Programme.
The NOC published a press release that set the stage for the Ministry’s announcement of increased gas declarations.
Just before the end of December, the NOC published a press release on this important potential source of new gas.
Colombia’s government seeks to convert a transitional 1% tax on petroleum, gas, and coal extraction into a permanent levy through an economic emergency decree, following Congress’s rejection of the tax reform legislation that originally contained this measure. Finance Minister Germán Ávila indicated that, after the financing law’s failure, the emergency mechanism would be utilized to recoup resources needed to complete the COP$546T budget.
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