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Of course, very informative article unlike other posts here..
Thanks Energy, article definitely caught my attention. Hopefully, getting closer to good news. Keep the Faith!!!
Good read.. bodes well for IAHL projects under the incoming President in Colombia.
Natural gas gains status as global green energy source
Bnamericas
Published: Thursday, July 07, 2022
Natural Gas Generation
Bogotá, July 2022. After the recent ratification by the European Parliament of giving natural gas the category of green energy source in the list of environmentally sustainable economic activities, known as "EU Taxonomy", this energy source is confirmed as the best ally of the planet and of our country to successfully advance towards the Energy Transition and carbon neutrality.
This thanks to its high availability and important environmental benefits translated into reductions of up to 99 percent of fine particulate matter (PM2.5) and sulfur oxides, a 70 percent reduction in nitrogen dioxides; and, at the level of climate change, its combustion represents reductions of between 30 percent and 50 percent of carbon dioxide compared to other fuels (fuel oil, coal, firewood, gasoline and diesel).
In the vote of the European Parliament, in which more than 600 deputies representing 27 Member States of the European Union participated, it was decided to give the green label to the gas industry with a worldwide impact.
The euro parliament considered natural gas as a CO2-free energy source, crucial to achieve the carbon neutrality objectives, agreed at COP26, which Colombia also signed in 2021
From the Colombian Association of Natural Gas (Naturgas), they celebrate this statement that confirms the sustainability of natural gas and will guide future investments for the energy transition.
In this regard, its president, Luz Stella Murgas, pointed out: “This resolution represents a milestone for our industry, which will make it easier for us to multiply our efforts throughout the world to reduce our carbon footprint and achieve global commitments towards carbon neutrality in 2050, strengthening the sustainable production of this clean energy, capable of providing a better quality of life in cities for current and future generations.”
Thanks to this decision, natural gas, hydrogen, among other renewable energies, will help reduce greenhouse gas emotions…
The company is real..now whether they can deliver or not is open for debate. I believe they will and when it happens all will be singing a very different tune.. keep the fait. jmho
I agree and choose to believe they are real and are attempting to accomplish something that make us all very happy.. $$ Wish all of it happened months ago and we knew more but, it’s where we are.. so here is to keeping the faith!!
Interesting article EB, lots of opportunity with clean energy transition in Colombia.
Corporate holds all the cards. all we can do is speculate good or bad, right or wrong but, from what has been shared in the past and the current political trajectory of Colombia, all will be good for this natural gas project. Jmho
Or we sit in this purgatory forever but, I don’t believe that is what corporate wants..they want to build something real and make a nice profit while doing it!
Keep the faith!!!
“Outgoing President Ivan Duque signed 69 exploration and production contracts during his administration. Those contracts would be respected, Petro has said..
..But the outgoing government has said a natural gas shortfall could open up by as soon as 2024. Gas consumption growth in Colombia is being driven by the power sector, as well through the automotive and downstream sectors.”
The versatility of natural gas is one key to its expected prominent role in the energy transition, serving as an energy source for all sectors including heating, cooking and industrial applications. When it comes to greenhouse gas emissions, natural gas has a significant advantage over coal, emitting about half the CO2.
This makes it an attractive option for stabilizing the path to renewables while reducing carbon emissions in the short term.
1. Natural gas is a reliable, affordable energy source which enables innovation
The impact of the COVID pandemic as well as of recent extreme weather events has drawn attention to the systemic risks that impact energy security.
In many countries, nuclear power is being phased out or shelved, creating additional need for other technologies to provide a reliable baseload. Natural gas, as an easy to store, lower-carbon option, stands out as a good candidate to provide an uninterrupted, flexible energy supply in tandem with intermittent output from wind and solar while storage technologies are scaled up and innovative new energy pathways are explored.
In a 2019 report, the United Nations Economic Commission for Europe (UNECE) said that the ability of natural gas to provide a relatively low carbon backup at peak energy usage times, rather than play a traditional role of round-the-clock baseload, may prove to be its greatest contribution to the energy transition.
Very Impressive BBall, proud papa I’m sure
Thanks for your analysis, energy. It’s what I suspected as well. Was just nice to see some trading. :)
Not sure to be honest! My biggest concern was always dilution and share structure changes that would indicate a scam. so even if there was some retail selling not really concerned by it.
Well would you look at that.. we have some trading volume today. If The “experts” on the expert market want shares, makes you wonder why?? Keep the faith
I think so too BBall. Politics most likely playing a role here and have been for some time, imho. I know we would love corporate to give us an update on status of the project including financials and land acquisition however, just have to keep waiting until they do…I really appreciate you having your own ideas on what may happen here.
Keeping the faith and I hope others are too.
I believe we will get financials at some point otherwise, corporate shares are worthless too.. Maybe Q3 will finally be our time. Don’t lose hope longs.
This is for those who don’t understand internet message boards..
Disclaimer** this is solely my opinion and NOT a prediction. I have no knowledge of corporate intentions or timelines.**
Good to know, energy. If Existing contracts are allowed then hopefully we fall into that mix. Sounds like not much change initially to oil and gas when Petro takes charge. I also read the current president will approve more projects prior to leaving office in early August…as always, Appreciate your perspective.
Well said! Hope we hear something soon. Keep the faith longs!
Wouldn’t that be something! Longs deserve a good end to this waiting period and when it happens I hope your pants stay clean ;)
Well then you better keep those teeth clean for a big bite out of those profits. No crystal ball here, just faith and hope it will happen very soon. Good luck to longs here. Keep the faith!!
I understand and appreciate the sentiment with lack of recent communication and wish we were trading months ago but, it’s where we are.. maybe a blessing we are not trading as the market has been tumultuous but, I believe they will update us when things are official.. and when they do buckle up. JMHO
Thanks BBall, I agree too.
Maybe it’s just me and my outlook but, I choose to be positive and bullish on the situation regardless, of the timeframe or or what the peanut gallery says. We all know the risk in Pennystock land. We also know the potential upside and that’s why we’re here. If we never hear from them again, I won’t lose any sleep over it but I don’t believe that to be the case.
KEEP THE FAITH!!
Clearly, a lot going on politically in Columbia and from the past PR‘s The project sounds massive with lots of partnerships and I’m sure a lot of government red tape.. again, ripe with opportunity just takes some navigating.
From reading, Petro is for the environment and clean energy. This aligns with the LNG project as a cleaner burning fuel and can help with Colombia’s energy transition, IMO. Keep the faith!!
Happy Father’s Day to all fellow dads out there.
Colombian gas production outlook brightens
Bnamericas
Published: Friday, June 10, 2022
Natural Gas
Studies
Reserves & Stocks
Capacity
Colombian gas production outlook brightens
Colombia's natural gas production potential has risen sharply over the past year as upstream operators respond to concerns over future supply, according to national industry association Naturgas.
A report published by the entity on Thursday shows the country's natural gas potential for the 2022-30 period climbed 8%, or 58 billion British thermal units per day (BBTU/d), compared to the same time last year. The figures were based on certified declarations by operators.
“These figures not only confirm the potential that the country has to maintain self-sufficiency and energy sovereignty from natural gas, they will also allow us to guarantee supply for households and vehicles," said Naturgas president Luz Stella Murgas.
Source: Naturgas
The total volume of gas available for sale in 2022-30 is 290BBTU/d on average, according to Naturgas.
According to the latest official figures, the life expectancy for the country's proven gas reserves is 7.7 years, though the government has warned a supply deficit could occur as soon as 2024.
Gas consumption in Colombia is expected to surge over the next decade, driven by rising demand from thermoelectric power generators, the automotive sector and producers of blue hydrogen.
://www.bnamericas.com/en/news/colombian-gas-production-outlook-brightens
So much Possibility.. so much opportunity, good things are on the way. Keep the faith longs.. tune out the haters.
Still some time left in Q2, lots going on in Colombia politically. Let’s see how we finish up, don’t lose hope longs, keep the faith!!
My goal for IAHL is to go out like Willie Nelson, on a high! Keep the faith!
Let’s see what June brings. my hope and opinion is we get back to trading and when we do, going to be a lot of fun.. keep the faith longs!
One more month to go in Q2, hoping for some fireworks. Jmho Keep the faith!!
Not surprised.. Lots of opportunity but, takes some navigating, politically. Still hoping for this quarter we flip the switch and start trading. Keep the faith!
Right players, right time. Our patience will be rewarded, keep the faith!!
Well said, the country is ripe with opportunity. Thanks for highlighting that in your posts.
Good article! Altenesol in the right place at the right time.. keep the faith!
Looking forward to the day we trade again, won’t be long now. Keep the faith!
Good read and is in alignment with the project altenesol is working on.. keep the faith!!
“The government is supporting the switch in fuels by supplying stipends per vehicle to move away from dirty fuels to support the countries policy of decreasing pollution values in major commerce areas of the country.”
Important info as it relates to the most recent PR-
“The entire project consists of partnering with Major trucking entities both replacing and converting diesel transportation with LNG and CLNG vehicles.in 4 of the largest and busiest cities in Colombia as well as port inlets for importation and exportation facilities.”