Colombia Energy Articles & Analysis

Chapter | Mining from The Report: Colombia 2017

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...

Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.

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Colombia intensifica sus esfuerzos para aumentar la participación de las energías renovables en su matriz energética, revelando una serie de nuevos proyectos que ayudarán a diversificar el suministro de energía del país.

El sector de los hidrocarburos colombiano ha experimentado un crecimiento significativo durante la primera mitad del 2018 gracias al aumento del precio del petróleo y al logro de una mayor eficiencia. Cabe destacar que, tras sufrir recientemente una caída, este amplio sector se ha recuperado, aumentando tanto la inversión, como los niveles de producción.

 

What steps are being taken to improve investor confidence in Colombia’s oil and gas industry as legal uncertainties prevail in the sector?

 

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...

 

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...

 

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...