New Colombia regulator head appointed, stakeholders negotiate gas

Wednesday, October 15, 2014

Jorge Pinto was appointed Colombian energy and gas regulator Creg's new executive director.

Pinto replaces Carlos Fernando Eraso who was named new deputy energy minister, taking over the post from Orlando Cabrales, the watchdog said in a statement.

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Pinto is a mechanical engineer with a PhD in energy economics and a master's degree in hydrocarbons economics. In 1995-98, he served as a commissioned expert for Creg.

The regulator also announced that for the second time since passing new regulations, natural gas producers and wholesalers directly negotiated sales at free-market prices.

Close to 253Mf3/d (7.16Mm3/d), representing approximately 25% of domestic demand, were negotiated at an average price of US$4.09/MBTU.

BNamericas will host its 11th Southern Cone Energy Summit in Lima, Peru, on November 12-13. Click here to download the agenda.