Colombia in Energy Crisis as Gas Demand Soars, Pipeline CEO Says [Financial Post (Toronto, Ontario, Canada)]
Ecopetrol S.A. American Depositary Shares (EC)
US:NYSE Investor Relations:
ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Colombia's energy system is in crisis as drought cripples hydropower supplies and the capacity to import natural gas has reached its limit, according to the nation's largest pipeline operator. The country, which normally generates two-thirds of its electricity from hydropower, is now relying heavily on gas-fired plants as the lowest rainfall in more than half a century saps reservoirs. To fuel them, Colombia's only liquefied natural gas terminal is operating at maximum capacity, handling 450 million cubic feet of a day, Promigas SA Chief Executive Officer Juan Manuel Rojas told reporters Thursday in Bogota. It comes as the nation is bracing for a gas shortfall that's forecast to hit next year. Rojas, whose company owns a stake in the LNG terminal and ships 56% of Colombia's gas through its pipeline network, said the problems have already begun.
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News
- Ecopetrol S.A. (EC) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Ecopetrol S.A. (NYSE: EC) was downgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating. They now have a $8.50 price target on the stock, down previously from $12.00.MarketBeat
- Ecopetrol S.A. (NYSE: EC) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $11.00 to $9.50. They now have a "neutral" rating on the stock.MarketBeat
- ECOPETROL ANNOUNCES NAME CHANGE FOR OFFSHORE PROJECTS [Yahoo! Finance]Yahoo! Finance
- ECOPETROL ANNOUNCES NAME CHANGE FOR OFFSHORE PROJECTSPR Newswire
EC
Sec Filings
- 9/26/24 - Form SD
- 9/24/24 - Form 6-K
- 9/6/24 - Form 6-K
- EC's page on the SEC website