CARTAGENA, April 10 (Reuters) - Colombia will look to
loosen regulation on gas exploration and supply to meet its
needs in 2026 and 2027, Mines and Energy Minister Andres Camacho
said on Wednesday.
The South American nation needs to resolve a gas deficit
amid rising demand, with measures to include buying more
liquefied gas and possibly importing from neighboring Venezuela.
"We have been working to make regulatory terms more flexible
and guarantee enabling conditions to commercialize off-shore gas
this year so that we can advance in the supply plan required in
2026 and 2027," Camacho said at an event organized by Naturgas
in Cartagena.
The plan involves using pipelines owned by state oil firm
Ecopetrol, with participation from Canadian oil and gas
firm Parex.
Camacho said in less than a year he hoped to incorporate
"very important volumes" to national reserves.
"This implies concrete work between Ecopetrol, Parex, the
National Hydrocarbons Agency and the Ministry of Mines and
Energy," he said.
The government of leftist President Gustavo Petro has not
held any licensing rounds for oil and gas projects amid a push
toward a green energy transition.
Some industry participants, such as gas transporter
Promigas, have said the lack of new licenses could affect gas
availability and increase the need for imports.
In March, Ecopetrol Chief Executive Ricardo Roa said
Colombia was importing up to 30% of its gas.