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UPDATE 1-Colombia to loosen regulation for gas exploration, supply in short term [Yahoo! Finance]

Ecopetrol S.A. American Depositary Shares (EC) 
Company Research Source: Yahoo! Finance
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 Show less Read more
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