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Procedures: Public Bidding of the gas transportation system

1 of June 2016

Procedures: Public Bidding of the gas transportation system

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Given the difficulties experienced by the natural gas sector in Colombia due to factors such as: (i) the El Niño phenomenon; (ii) the decrease in hydrocarbons exploration activities; (iii) the high prices of electricity and natural gas; and (iv) the shortage of natural gas in the short and medium term, the government has enacted Resolution 400052 of the Ministry of Mines and Energy (“MME”) which sets out the legal framework for the creation of an Indicative Gas Supply Plan that will set out the policy actions required to ensure gas supply in the medium and long term.