Colombia’s natural gas supply gap is widening faster than expected, driven by falling production and delays in new import infrastructure.
A new proposal from the Colombian government could dramatically reshape the country’s vehicle market.
Colombia’s supply of propane is entering a critical phase as natural declines in producing fields and lower availability from refineries are tightening domestic output.
Credit rating agency Moody’s Ratings has downgraded Canacol Energy’s (TSX: CNE) corporate family rating (CFR) from Caa1 to Ca and its senior unsecured global bonds from Caa1 to Ca, while maintaining a negative outlook.
Despite global uncertainty in the energy market and local challenges surrounding taxation and environmental licensing, Canadian oil producer Parex Resources (TSX: PXT) remains firmly committed to Colombia, the only country where it operates.
Ecopetrol (NYSE: EC) announced a new plan to increase natural gas production and strengthen energy reliability in Colombia’s Meta and Casanare departments.
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