What PDVSA did not comply with was not to export gas to Colombia

One of the questions that the industry and experts in Colombia have about the activation of this commercial operation is whether PDVSA will be able to meet the gas supply flows that the company from the neighboring country only met before 2015. exchanged and methodology to set prices.

The binational gas pipeline has a length of 224.4 kilometers, of which 88.5 kilometers are on Colombian territory and has a capacity of 500 Mcfd. The investment for its construction amounted to 335 million dollars.

The contract required the country to export gas to Venezuela between 2008 and 2015, with a volume of between 0.5 and 0.7 trillion cubic terapies, and then Venezuela would send gas from 2015 to 2024.

The scope of the agreement with Colombia was reported on the PDVSA website in 2007 when the contract was signed:

This contract is in line with the integration vision of the Bolivarian government and will guarantee Venezuela’s energy exchange policy with the rest of the countries in the region, making it possible to guarantee the transportation of gas to the Pacific, with a vision of expansion to Panama. and Nicaragua.

In this way, the commercial relationship between both countries will develop in two phases: the first is aimed at importing gas from Colombia to the western region of Venezuela, to stimulate the electrical and petrochemical sectors, in addition to supplying domestic, commercial and distribution networks. industrial in a period of 4 years; while for the second phase, Venezuelan methane gas will be mutually exported to secure energy supplies in the sister countries.

With the signing of this contract, the negotiating committees of Venezuela and Colombia have agreed on the conditions to import, in a first phase, significant quantities of gas into the domestic market through this new transport system, which are estimated to reach the standard 150 million. cubic feet day.

Source: El heraldo