The Minister of Mines Irene Vélez explained her intervention in Davos. – Sectors – Economy

The Minister of Mines and Energy, Irene Vélez, explained her speech at the economic forum in Davos and added commitment to the energy transition and hydrocarbons policy of the Colombian government.

According to Vélez, it is clear that «we have not talked about ending oil and gas exploration and exploitation contracts, but Colombia is heading towards the transition towards clean energy production,» he explained.

(You may be interested in: «We cannot end dependence on oil from one moment to the next»: DNP)

Through a post on Twitter, the minister pointed out that Colombia’s decision is to take advantage of the resources available today and respect the current contracts.

further, Colombia’s plan includes increasing hydrocarbon reserves and supporting the transition from energy self-sufficiency, strengthening current contracts and unlocking suspended ones. Also to improve techniques such as improved recovery.
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Similarly, the head of the energy portfolio said that the existing contracts have been reviewed with the National Hydrocarbons Agency and they will be prolonged that would guarantee the national gas supply until beyond the year 2037 and there may even be surplus resources.

(In addition: To replace crude oil, tourism will have to sell US$ 9.8 billion)

Regarding the energy transition, he pointed out that it will be progressive and gradual, that it will seek to accelerate the penetration of renewable energies and the democratization of generation will be carried out, in addition to the fact that it is essential in the dialogue with all the actors and sectors and that it will be intensive.

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