A coalition of lawmakers from the Global Parliamentarians for a Fossil Fuel-Free Future (PFFF) is actively participating in the United Nations Conference on Biodiversity (COP16) in Cali, Colombia.
While writing this past Monday’s article on finding more gas from existing sources, imported gas was always in the background. As domestic production falls and lack of rainfall restricts hydro power generation, imported gas kept, or rather keeps, thermogenerators running and Colombians’ lights on.
Reficar, the Cartagena Refinery, launched a risk mitigation plan addressing potential power disruptions in response to recent faults identified in its SE01 substation.
Ecopetrol (NYSE: EC) recently announced a US$512M investment in Huila to expand oil and gas production.
Colombian miners are challenging a government decree before the State Council, arguing that the legislation threatens the country’s mining sector.
Oil production in Colombia remains crucial to the national economy, especially given looming energy shortages, natural gas deficits, and a government stance against new hydrocarbon exploration contracts.