Colombian fracking edges closer to reality
Mindful of the country's energy security, the government is looking towards its shale assets
Colombian president Ivan Duque is no stranger to controversy. His attempts to alter a landmark war crimes tribunal this year, the special jurisdiction for peace (JEP), were sizeably defeated in the House of Representatives, only for cross-party disputes to return the veto back to the Constitutional Court. Now he aims to resurrect an equally contentious issue: fracking. Colombia has mooted fracking for several years. In 2014, the government offered up several shale blocks for auction, but no licenses were approved. This year, two shale pilot projects were shelved by licensing authority Anla after operators US independent ConocoPhilips (80pc stake) and Canada's Canacol (20pc stake) failed to m
Also in this section
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
17 December 2024
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy
