Gas prices are going up as we have said many times recently but how far, how fast, and how will this process affect what domestic producers can hope to charge?
Over the past three years, Colombia has taken deliberate steps to reduce its reliance on oil and coal, its top two export commodities.
As energy and infrastructure projects across Colombia await environmental licenses, Alfred Ballesteros, Director of the Corporación Autónoma Regional de Cundinamarca (CAR), said the blame often lies not with government red tape, but with the “stubbornness of companies” failing to meet environmental requirements.
As tensions rise over Colombia’s natural gas supply, industries and citizens alike are seeking clarity on whether the country faces a real risk of gas shortages.
Colombia’s state-owned oil company Ecopetrol (NYSE: EC) announced an extension of its temporary 50% fee reduction for converting and purchasing its American Depositary Receipts (ADRs), following a favorable market response.
The discovery of the Sirius offshore gas field in Colombia’s Caribbean waters has been hailed as a breakthrough for the country’s energy future. With an estimated output of 450mmcfd, about 45% of the national demand, the project promises to provide short-term relief amid growing concerns about domestic gas shortages.
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