WLPGA: And what about the main opportunities for the market in Colombia at the moment?
AU: Today, GASNOVA is accompanying the Ministry of Mines and Energy before the Congress of the Republic of Colombia in its approval of a law that opens the way for new uses of LP Gas, for example as fuel for engines, not only in vehicles but also as an alternative fuel for the generation of electricity, industry and agribusiness. This demonstrates the growth in supply of LP Gas, which will be produced in Colombia starting in 2016, due to the need to exploit the underlying reserves in the Cusiana and Cupiagua fields in Colombia’s eastern plains, which requires the need encourage its consumption, and to open greater opportunities for expansion of the sector.
WLPGA: What do you see as the key challenges in your market today?
AU: We believe that it is crucial to work towards the equal and symmetrical treatment of all energy sources, from the point of view of governmental, regulatory and energy policies. Today, LP Gas does not have the same benefits as other fuels. For example, we have pointed out to the Authorities the series of indiscriminate subsidies that benefit the expansion of networks, connections and consumption of Natural Gas, which is coming to sites in remote and dispersed regions that have traditionally consumed Propane Gas, as result of the artificial lower cost supplies in these sites derived from the subsidies the Government is providing. Current energy policy substantially impairs the conditions for competition between these two fuels, at the expense of LP Gas. The work that has been done by GASNOVA has been well received by the Central Government, given our focus on the need for Colombia to diversify the nation’s energy supply, which will guarantee a balanced and sustainable development into the future. We are very optimistic and hope that in the short and medium term we will achieve fair and equal treatment in the regulatory policies and frameworks in order to allow LP Gas to compete on equal footing, and allow users to freely choose which energy source they would prefer to consume. For more information visit www.gasnova.co