For the first time in 45 years, imported natural gas will be used in Colombia to meet domestic demand across households, vehicles, and commercial sectors. This historic shift highlights growing concerns about the country’s ability to sustain its energy needs through local production.
During his address at the Infrastructure Congress in Cartagena, Colombian President Gustavo Petro highlighted a significant transition in the nation’s economic model, moving away from its long-standing dependence on oil and coal.
Statistically we do not have the final numbers. We do not even have the November numbers. And although we should be getting to the government quiet period for year-end holidays, anything could still happen. But we have a tradition of a “year-end wrap up” before the holidays so we can do our “Fearless Forecasts” in early January.
Ecopetrol (NYSE: EC) and Petrobras International Braspetro B.V. (NYSE: PBR) – Sucursal Colombia confirmed the largest gas discovery in Colombia’s history with the drilling of the Sirius-2 well in the Caribbean region.
Canacol Energy Ltd. (TSX: CNE) provided an update on its exploration and development drilling programs. The company continues to make progress with multiple key wells.
Promigas, a leader in the natural gas and energy sector, celebrated its 50th anniversary in Barranquilla, Colombia.
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