The company Promigas welcomed the recent approval of the Bidirectional Barranquilla-Ballena project by the Energy and Gas Regulatory Commission (Creg), which it has committed to implement, thus fulfilling its determination to continue contributing to the security of the energy future of the country.
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The company said in a statement that this bidirectional project will enable the transportation of 170 million cubic feet per day (MPCD) of gas from the coastal resources to Ballena, the connection point of the Promigas transport system with that of the interior of the country, giving the demand of that region access to the gas resources of the Colombian Caribbean.
This will require an investment of more than US$330,000 million and is scheduled to be commissioned in August 2027, in accordance with the deadlines set by the Mining-Energy Planning Unit (Upwards) and taken over by the Ministry of Mines and Energy.
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“At this time when the country is discussing the situation regarding natural gas shortages and the solutions needed in terms of public policy, regulation and institutional nature, the approval by the Creg of strategic projects such as this one for Colombia’s energy sustainability is essential,” said Juan Manuel Rojas, president of Promigas.
In dialogue with EL HERALDO, the former Minister of Mines and Energy Amylkar Acosta He states that this is a step in the right direction.
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“That request was submitted to the Creg, but was not processed because of the ineffectiveness of the Creg. Only now are they being squeezed by the threat of losing self-sufficiency, which forces them to optimize their natural gas transport capacity,” says Amylkar Acosta.
He recalled that these are special resolutions for Promigas and TGIand that includes the approval of the investments to expand the capacity of the bidirectional operation of Barranquilla-Ballena that they requested, and also the connection of the transport systems in Ballena.
“The problem now is that once the investments are approved, the work has to start. And we have to order the compressors, transport them to the locations and hopefully have prior consultation and/or environmental permits to delay its implementation,” the former Minister of Mines and Energy stressed.
As regards this decision, Antonio JimenezDirector of the Creg, maintained that these measures represent progress towards more dynamic regulation in the regulated sectors, seeking to strike a balance between the signs of investment and efficiency for end users, with the aim of achieving: sustainable regulation over time.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
