Colombia’s energy and natural gas companies are raising alarms over the government’s failure to allocate sufficient funds for energy and gas subsidies.
The uncertainty surrounding Colombia’s gas supply continues to spark concern, particularly regarding the country’s inadequate infrastructure to handle potential gas imports.
The National Association of Power Generators (Andeg) raised concerns over the potential impact of proposed changes to Colombia’s carbon tax, which could significantly raise energy costs for consumers.
Sandra Fonseca, executive director of Asoenergía, urged the Colombian government to prioritize natural gas resources to prevent a fuel crisis by 2025.
Ecopetrol (NYSE: EC) announced the suspension of vehicular gas sales to 13 companies responsible for its distribution across the country.
Its late September and most companies have started their planning processes for 2025. By November or December management teams will present their CAPEX budgets and performance targets for approval. For oil-focused E&Ps – and everyone else as well probably – most of the debate will be about the price of Brent.
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