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By 2023, potential and possible prices are lowering, based on ANH

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By 2023, potential and possible prices are lowering, based on ANH

The pure fuel business has expressed its concern and known as on the Government to take motion to keep away from vitality shortages, following a report from the National Hydrocarbons Agency (ANH) which revealed a 15.7% lower in confirmed pure fuel reserves by 2023.

According to the report, confirmed reserves of pure fuel on the finish of 2023 quantity to 2.37 cubic therapies (TPC), which might imply 6.1 years of self-sufficiency. However, the Colombian Natural Gas Association (Naturgas) considers that it’s essential to take pressing measures to extend the exploration and manufacturing of pure fuel.

“The nation should be dedicated to sustaining its sovereignty. Colombia has discovered nice potential in fuel reserves, and immediately’s outcomes symbolize an pressing name to extend exploration and speed up the event of those sources. It is the one approach to enhance financial savings and enhance independence for all shoppers,” mentioned Luz Stella Murgas, president of Naturgas.

The pure fuel business helps the desire of the Government to advertise exploration and manufacturing by way of measures comparable to selling cooperation between standard and vitality conversion tasks, flexibility of obligations and overview of contract areas affected by power majeure or technical elements.

«Increasing reserves to extend our self-sufficiency in pure fuel must be a nationwide objective. As customers, authorities and business, we should work collectively to safe the mandatory fuel and thus speed up the vitality transition in a dependable and secure approach,” added Murgas.

The decline in pure fuel reserves will not be uncommon, because the decline was additionally recorded in 2022. The business believes that it’s essential to provide hope to traders and create favorable environmental circumstances for enterprise improvement, in addition to to advertise a robust authorized framework that ensures the steadiness of all events concerned.

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According to Murgas, “Colombia has fuel, and with out drilling wells, we won’t have a rise in our reserves.”

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