Venezuela would be looking to reactivate gas exports to Colombia

Venezuela would be looking to reactivate gas exports to Colombia

In dialogue with the Bloomberg agency, the president of Grupo Energía Bogotá (GEB), Juan Ricardo Ortegaclaimed to have spoken with “emissaries” of the Venezuelan state oil company (PDVSA) who were reviewing the feasibility of reactivating the Antonio Ricaurte trans-Caribbean gas pipeline to re-export gas to Colombia.

Ortega explained to Bloomberg that “as transporters we have the infrastructure that could take that gas to the market and we are more than interested in that happening. There are many activities that could make the transition to gas in Colombia if it had the reliability and the right price”.

This announcement not only coincides with the drop in gas availability expectations for Colombia, but also in the midst of the dialogues held between officials of the incoming government of Gustavo Petro with members of the government of Nicolás Maduro.

If an agreement is reached along this line, 224 kilometers of gas pipeline would be reactivated that connects the Venezuelan gas fields on the eastern coast of the Maracaibo lake (Venezuela) with Punta Ballenas in La Guajira (Colombia).

At the time, it was suggested that transported up to 150 million cubic feet of gas. Currently, Venezuela has some 197 trillion cubic feet of natural gas reserves and Colombia It has reservations for approximately 8 years.

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