Colombia promotes usage of natural gas

May 17, 1999 02:00 AM

The Medellin city's power and gas distribution project has been given high priority by Colombia's Ministry of Mines and Energy, as it is believed that the project will ensure stable power supply in the country's busiest commercial centre, and also to promote the use of natural gas, officials said.
The project involves the building of a gas distribution network as well as electricity transformer stations that will enhance power and gas supply systems and an electricity transmission network in the city, they said.

Given abundant natural gas reserves in Colombia, the cost of natural gas use as an energy source is only one-fifth of that of electricity, bank officials said. Hence, the Colombian government has been pressing ahead with a new policy to boost natural gas use in a bid to reduce the country's energy costs.
The officials also noted that the loan should help develop the economic infrastructure in the commercial centre Medellin region, eventually leading to an improvement in Colombia's overall business environment.

Source: Nikkei via Newspage
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