What steps are being taken to improve investor confidence in Colombia’s oil and gas industry as legal uncertainties prevail in the sector?
Energy
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Interviews & Viewpoints | Francisco José Lloreda, President, Colombian Petroleum Association: Interview from The Report: Colombia 2017
Articles & Analysis | Offshore exploration benefits natural gas exports in Colombia from The Report: Colombia 2017
In November 2016 Colombia received its first import of liquefied natural gas (LNG) at the Sociedad Portuaria El Cayao (SPEC) terminal in Cartagena. The cargo, sourced from Trinidad and Tobago’s Atlantic LNG facility, was delivered by a floating storage regasification unit (FSRU) owned by Norwegian firm Höegh Grace. A year after a serious...
Articles & Analysis | Renewable sources to bring clean energy to Colombia from The Report: Colombia 2017
In recent years Latin American nations have enthusiastically embraced renewable energy sources, and a total of $16.5bn has been invested in the segment across the continent. In November 2016 Chile inaugurated the $343m, 196-MW El Romero solar power plant, which provides enough power to fuel a city of 1m people; while Costa Rica ran on entirely...
Articles & Analysis | Peace deal and offshore exploration renew interest in Colombian energy from The Report: Colombia 2017
After a challenging 2016, the Colombian oil industry entered 2017 with renewed optimism. In line with other crude-exporting countries, the fall in global oil prices starting in mid-2014 affected investment in the sector as well as government coffers. Country-specific problems during this time included a continued security threat from armed...
Interviews & Viewpoints | Bernardo Vargas Gibsone, President, Interconexión Eléctrica (ISA): Interview from The Report: Colombia 2017
How were the challenges faced by Colombia’s electricity sector in 2016 handled in an efficient way, and what lessons were learned?
For a country with three Andean mountain chains and a history of gold and silver production, mining has remained a relatively small contributor to the modern Colombian economy. Between 2012 and 2015 the sector contributed around 2% to GDP and 20% of exports, with the vast majority coming from two giant coal projects: the Cerrejón mine in La Guajira department and La Loma mine in César...