As Colombia faces growing concerns over energy supply, Orlando Velandia, President of the National Hydrocarbons Agency (ANH), insisted the country has not lost its gas self-sufficiency.
Colombia, standing on vast natural gas reserves, risks missing a historic opportunity to secure its energy future. That is the warning from Luz Stella Murgas, President of Naturgas, who argues that the country cannot afford to leave its gas buried while paying more for imports.
Ok. Last week, Brent went up in response to rising geopolitical tensions. But the fundamentals point in the other direction. OPEC wants to raise production to force out marginal E&Ps and the International Energy Agency predicts a “glut” next year. How far will prices fall and will that force Colombian producers out of the market?
The International Energy Agency (IEA) raised its forecast for global oil supply in 2025, warning that the market could face a significant surplus as production continues to outpace demand.
The recent contingency at SPEC LNG, Colombia’s only regasification terminal, offered a stark reminder of how fragile the country’s energy system can be.
Ecopetrol (NYSE: EC) has registered one of the steepest declines in corporate reputation in its recent history.
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