The crisis in Venezuela opened the possibility of increasing oil exports from Colombia to the United States, generating great expectations in the sector. However, Moody’s made a report on this situation, and the results are not very encouraging.
Ecopetrol’s (NYSE:EC) CEO, Felipe Bayon, seems confident on the development of new fracking projects in Colombia, despite the current controversy about the topic.
Colombia has been discussing the encouragement of the natural gas sector due to its environmental and economic benefits. Astrid Álvarez, President of the Energy Group of Bogotá (GEB) spoke on this topic.
Colombia’s Vice-president, Marta Lucía Ramírez, closed Naturgas’ 22nd Congress, where she spoke about the opportunities and challenges of the gas industry in the country.
As we reported recently, what we have been calling the “Commission of Experts” published their final report. It is 173 pages (in Spanish obviously) and not exactly stimulating reading (which shows its scientific ‘cred’). We abridged the two recommendations chapters, 13 and 14, and translated them into English. We hope you find it useful.
The oil and gas sector has announced discoveries of natural gas in the Caribbean Sea in recent years, but concerns about a possible increase in imports of this fuel are still present. Orlando Cabrales, President of Naturgas, spoke on this topic, investment plans and the situation of the gas market in Colombia.
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