Colombia to partner with Portugal for green hydrogen production

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The Minister of Mines, Irene Velez, took advantage of her visit to Portugal to initiate talks with the energy company of that country and seek support for the production of green hydrogen.

Colombia continues seeking to open the way towards the production of clean energy and this time the Minister of Mines, Irene Velez, announced that she began talks with EDPR, which is the energy company of Portugal, an entity that was very interested in being an ally for the production of green hydrogen.

According to the Minister, in the National Development Plan (PND), pioneering green hydrogen projects are proposed, and that is why the Government seeks to expedite this purpose.

Colombia continues seeking to open the way towards the production of clean energy and this time the Minister of Mines, Irene Velez, announced that she began talks with EDPR, which is the energy company of Portugal, an entity that was very interested in being an ally for the production of green hydrogen.

According to the Minister, in the National Development Plan, PND, the pioneer projects of green hydrogen are proposed and that is why the Government seeks to speed up this purpose.

Irene Vélez | Photo: Taken from social networks
“Being here in Portugal was a great advantage because this country thinks of itself as the producer region of green hydrogen for Europe and also wants to be the port where green hydrogen imports arrive to distribute in the rest of the European continent. We can be that place where green hydrogen is exported,” he emphasized.

He added that the Government is currently working to move forward with the construction project of what would be the largest wind farm in the country, which would be located in La Guajira (Alfa and Beta Park).

“At this moment we are solving some environmental licensing issues and what the Portuguese company wants is that when we are ready, they can enter to negotiate. We have the natural capital and they have the financial capital, so it would be the perfect complement”, noted Minister Vélez.

She also assured that “we are now able to do things that were not part of the law and regulation before. At this moment we have an article in the PND that includes energy communities and what this means is that we will be able to develop regulations so that communities can integrate to produce energy, exchange among them and the Crec will have to create an organization to enable this possibility”.

Another price for gasoline

At this moment the National Government is evaluating in technical tables the possibility of creating a third price for gasoline to favor small consumers.

Irene Vélez | Foto: Tomado de redes sociales
Irene Vélez | Foto: Tomado de redes sociales

This comes after gasoline rose by more than $600s in May to close to $12,000 per gallon.

Vélez pointed out that in view of the disproportionate increase of gasoline at international level, they want to create a third fuel price scale in the country, this in order to positively impact the price for the so-called small consumers.

Colombia continues seeking to open the way towards the production of clean energy and this time the Minister of Mines, Irene Velez, announced that she began talks with EDPR, which is the energy company of Portugal, an entity that was very interested in being an ally for the production of green hydrogen.

According to the Minister, in the National Development Plan, PND, the pioneer projects of green hydrogen are proposed and that is why the Government seeks to speed up this purpose.

Irene Vélez | Photo: Taken from social networks
“Being here in Portugal was a great advantage because this country thinks of itself as the producer region of green hydrogen for Europe and also wants to be the port where green hydrogen imports arrive to distribute in the rest of the European continent. We can be that place where green hydrogen is exported,” he emphasized.

He added that the Government is currently working to move forward with the construction project of what would be the largest wind farm in the country, which would be located in La Guajira (Alfa and Beta Park).

Promigas will produce green hydrogen to inject it into the natural gas network in the Mamonal area in Cartagena. Photo: MinEnergía – Cesar Nigrinis
Promigas will produce green hydrogen for injection into the natural gas network in the Mamonal area of Cartagena. Photo: MinEnergía – Cesar Nigrinis | Photo: MinEnergía – Cesar Nigrinis

“At this moment we are solving some environmental licensing issues and what the Portuguese company wants is that when we are ready, they can enter to negotiate. We have the natural capital and they have the financial capital, so it would be the perfect complement”, said Minister Vélez.

Gustavo Petro, President of the Republic of Colombia.
“Ecopetrol must get ready to enter strongly into the green hydrogen market”: Petro.
He also assured that “we are now able to do things that were not part of the law and regulation before. At this moment we have in the PND an article that includes the energy communities and what this means is that we will be able to develop a regulation so that the communities can integrate to produce energy, exchange among them and the Crec will have to create an organism to enable this possibility”.

Another price for gasoline

At this moment the National Government is evaluating in technical tables the possibility of creating a third price for gasoline to favor small consumers.

This comes after gasoline rose more than $600s for May to be close to $12.000 per gallon.

Active: Cali. Fuel stations dawned with the largest increase in the price of a gallon of gasoline ($600) so far in the government of President Gustavo Petro. In the last 8 months gasoline has increased by $ 2600, approximately, being this last $ 600 the highest.
Active: Cali. Fuel stations dawned with the highest increase in the price of a gallon of gasoline ($ 600) so far in the government of President Gustavo Petro. In the last 8 months gasoline has increased by $ 2600, approximately, being this last $ 600 the highest. | Photo: José Luis Guzmán. El País
Vélez pointed out that in view of the disproportionate increase of gasoline at international level, they want to create a third fuel price scale in the country, in order to have a positive impact on the price for the so-called lower consumers.

Irene Vélez, Minister of Mines.

Attention: Government evaluates a differential rate to readjust the price of gasoline in Colombia.
She explained that this study is also evaluating the possibility of not taxing all gasoline with reference to the international value, this because about half of the fuel is made in Colombia.

He also specified that the so-called large consumers will be reviewed, among which are the ships that arrive in the country and buy gasoline with the subsidy that is more than $5000.

“The gasoline price stabilization fund has had a process for years, which has been defunded. That fund was thought as a mechanism when the country had enough resources through the collection of the same controlled gasoline price so that when it went up internationally it would be financed to control it”, mentioned the Minister.

She emphasized that the Government will review the methodology because the current one makes the gasoline gallon to be valued at the international price, but we are producers and 50% is national and mixed with imported gasoline.

“It does not make sense that 100% of the gasoline is passed to the international price”, said Vélez, who is accompanying President Gustavo Petro in the official visit that took place this week in Spain and Portugal.

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