Tag: natural gas

Colombia’s gas production grew 5.7% in October

Colombia’s gas production grew 5.7% in October

The union indicates that in 2021 Colombia with a 11% of the level of natural gas reserves compared to 2020 and that the departments of the Casanare, Cordoba and La Guajira They are the areas with the highest natural gas production in the country. “2022 represents a year of growth for the natural gas industry […]

“We reject the tax on natural gas that is included in the tax”: Senator Name

“We reject the tax on natural gas that is included in the tax”: Senator Name

The congressman confirms that this new tax would be a burden on users, which would affect the rate of Colombian households. “We are watching this with care new tax on natural gas that is included in the load, a load that is automatically passed on to the users. We understand that the export tax is […]

The challenges for the natural gas sector

The challenges for the natural gas sector

The main challenge currently facing the gas sector is the new Exploration and production contracts (E and P), the financial and administrative vice president of Promigas assured, Achilles Market. The sector expects investments of approx USD2 billion in infrastructurebut if there is no gas, investors expect it to be out of service in a few […]

Gas sector asks not to stop new exploration contracts

Gas sector asks not to stop new exploration contracts

The representatives of the natural gas sector reiterated the importance of continuing the exploratory activity to ensure the country’s energy autonomy. They indicated that the suspension of new contracts announced by the central government would affect self-sufficiency in the long and short term. The Colombia Natural Gas Sector Report 2022 prepared by Promigas finds that […]

18 energy and gas companies fined for regulatory violations

18 energy and gas companies fined for regulatory violations

“To date, we have shown that 18 companies have failed to comply with the regulatory aspects and some measures taken by the CREG to mitigate the economic impact on users during the health crisis,” explains Castillo. The sanctioned companies operate in the departments of Antioquia, Arauca, Atlántico, Bolívar, Bogotá, Boyacá, Caldas, Caquetá, Casanare, Cesar, Cundinamarca, […]

Gas from Venezuela is a supply option for thermal power plants: Andeg

Gas from Venezuela is a supply option for thermal power plants: Andeg

However, the union confirms that it is necessary to competitive pricestaking into account the need to continue to generate reliable, available, robust and high-quality energy, without hurting the consumer’s wallet. “It is important to recognize that gas is a fuel that plays a fundamental role in the power generation matrix at the national level and […]

European directive enables government to reduce VAT on gas and electricity from 23% to a minimum rate of 6%

European directive enables government to reduce VAT on gas and electricity from 23% to a minimum rate of 6%

Portugal, like any other member state of the European Union (EU), can reduce the VAT on gas and electricity to the minimum rate without having to ask permission from Brussels. The EU directive on this tax was amended in April, exempting countries from seeking approval from the VAT committee. However, it limits the application of […]

Natural gas. Consumers can fall back on the regulated rate. And how much do you save?

Natural gas. Consumers can fall back on the regulated rate. And how much do you save?

From October, consumers on the liberalized natural gas market can again adhere to the regulated tariff. The announcement was made yesterday by Environment and Climate Action Minister Duarte Cordeiro, following the gas bill hikes announced by EDP Comercial and Galp on Wednesday. In a press conference, the minister stated that the government has decided to […]

Energy. IL criticizes government for “some administrative measures” instead of VAT cut

Energy. IL criticizes government for “some administrative measures” instead of VAT cut

The Liberal Initiative (IL) criticized the government this Thursday for “inventing separate administrative measures” instead of cutting VAT on energy, as it remained unclear how the option to return to the regulated gas tariff will be paid. “IL will not be able to comment in detail on the measure until it sees the legislative text […]

Household gas bills are rising and social rates are also affected

Household gas bills are rising and social rates are also affected

The natural gas bill for EDP Comercial’s residential customers will increase by an average of 30 euros from October. The information was provided to Lusa by the company yesterday, justifying the measure with the price increases in international markets and also with the fact that it had not updated natural gas values ​​for a year. […]

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