A recent report from Fitch Ratings highlights significant discoveries by international investors and a global preference for natural gas, indicating that Colombia’s economy and hydrocarbon industry are poised for long-term growth.
President Gustavo Petro and Environment Minister (MinAmbiente) Susana Muhamad addressed the reduction of oil, coal, and gas extraction to combat the climate crisis during the United Nations General Assembly.
In the southern region of Atlántico, Colombia, the arrival of natural gas brings newfound joy to communities like Villa Rosa in Repelón.
In a recent review, Fitch Ratings upheld Terpel’s credit rating, commending the company’s robust financials. The long and short-term ratings remain at AAA, with a Stable outlook.
MinEnergia recently published its draft energy transition roadmap and the attention has focused on electrification for good reason: the Colombian government expects a dramatic increase in the proportion of total energy – including transport – served by electricity. For that, we have written extensively in our sister publication ePowerColombia. But the roadmap makes assumptions about oil and gas demand and supply that could impact the hydrocarbons industry.
Concerns are mounting within the Colombian government regarding the limited reserves of natural gas in the country.
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