MinMinas on energy transition

Clean tech, Energy    Dec 6, 2018 12:36 PM

The Ministry of Mines and Energy (MinMinas) spoke about the energy transition process’ benefits for Colombia. María Fernanda Suarez, MinMinas, highlighted the role of natural gas in this process.

According to a press release, MinMinas said the transition will boost clean energies such as natural gas.

Suarez commented that the use of natural gas represents great opportunities to improve air quality in the main cities of Colombia. She pointed out that the energy transition is a priority for the government of Ivan Duque.

“We believe in the development of the mining-energy sector in harmony with the environment. Clean energies can contribute to improving air quality, health and the quality of life of citizens,” said Suarez.

The Ministry recalled that around 7 million people die each year due to air pollution, according to the World Health Organization (WHO).

In addition, the entity recalled that 982,000 Colombian households continue to use firewood for cooking, and 8,000 people die each year in the country because of the use of coal or firewood.

“The use of clean energies such as natural gas can reduce these consequences. Additionally, gas represents a cost reduction of up to 50% compared to regular gasoline and 25% less than diesel,” the statement said.

Suarez said Colombia must increase natural gas reserves, since the current reserves will only last  11 years. She commented that Enhanced Oil Recovery (EOR), unconventional and offshore projects will be key to increasing reserves.

“The demand for gas will be greater than the supply in 2021,” Suarez warned.

She said that the country needs solutions quickly or otherwise Colombia would have to import this fuel to meet local demand, affecting the final cost for users.

“This government has highlighted the relevance of working on energy security,” Suarez said.

Bottom-Line: The graph shows natural gas production per month. The government must encourage onshore exploration and production projects as soon as possible. Pretty words do not help.

In addition, authorities should work to attract the interest of new players in this sector, especially if fracking is unable to overcome its demonized position with the press and public.

 

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