Precaution: Venezuela delays gas exports to Colombia
The El Nino weather phenomena has caused drought and water shortages across Colombia
BOGOTA:
Venezuela’s state oil company, PDVSA, has delayed the export of natural gas to Colombia because of climate factors, the Colombian Mines and Energy Ministry said on Friday. In a letter to the Colombian government on Wednesday, PDVSA said the exports would not begin because of “climate variability,” the ministry said in a statement. The exports are part of a deal between the two countries, which includes provisions for the neighbors to supply their own markets if necessary before exporting. “The contract specifies the delivery of 39 million cubic feet a day from Venezuela, which corresponds to just over 3% of daily supply in Colombia,” the statement said. Colombian state oil company Ecopetrol has asked PDVSA to give a new date by which the exports could begin. The El Nino weather phenomena has caused drought and water shortages across Colombia. Some 70% of the Andean country’s energy is supplied hydro-electrically.
Published in The Express Tribune, January 3rd, 2016.
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