Colombia is grappling with an impending natural gas shortage, with industry experts warning that the country must bolster its gas reserves to meet future demand. Both the Colombian Natural Gas Association (Naturgas) and the Colombian Petroleum and Gas Association (ACP) have repeatedly emphasized the urgency of this issue.
In a significant political shake-up within Colombia’s Ministry of Mines and Energy (MinEnergia), Vice Minister of Energy Javier Campillo is expected to resign, according to a source close to President Gustavo Petro’s administration.
In a legal dispute dating back to 2010, the Council of State of Colombia has ruled in favor of Chevron Petroleum Company (NYSE: CVX) against Transportadora de Gas Internacional (TGI) and Empresa Colombiana de Gas (Ecogás).
Colombian Finance Minister (MinHacienda) Ricardo Bonilla denied rumors circulating in various media outlets about an impending increase in the price of diesel in August.
Our index of the share prices of Colombia-focused, publicly traded companies still lies well below where it was on May 1st, 2022 when the prospect of a Gustavo Petro presidency seemed distant. But there has been some improvement in the last quarter or so.
Ecopetrol (NYSE: EC) is making strides with its 2024-2034 roadmap, aimed at ensuring a reliable supply of natural gas to over 40 million Colombians.
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