ADVFN - Advanced Financial Network.
HOME» NYSE » E » EC Stock Price » EC Stock News

Engelhard Share News

 Ecopetrol Sa Stock Price
EC Stock Price
 Ecopetrol Sa Stock Chart
EC Stock Chart
 Ecopetrol Sa Stock News
EC Stock News
 Ecopetrol Sa Company Information
EC Company Information
 Ecopetrol Sa Stock Trades
EC Stock Trades

Colombia To Continue Exporting Gas To Venezuela Until Mid-2014

BOGOTA -(Dow Jones)- Colombia, alongside U.S.-based Chevron Corp. (CVX), has agreed to continue exporting natural gas to energy-rich neighbor Venezuela for two-and-a-half years more, as part of a deal that began in 2008. Colombia's national oil company, Ecopetrol (ECOPETROL.BO), and Chevron jointly operate a field in Colombia's northern La Guajira region, near Venezuela, which has been sending gas to needy western Venezuela for four years. The agreement for Colombia to continue selling natural gas to Venezuela until mid-2014 also included contractual adjustments that will eventually oblige Venezuela to export gas to Colombia, Ecopetrol said in a statement sent late Thursday. Gas exports were 50 million cubic feet per day when the program began but have continued to increase. This year, Ecopetrol and Chevron sent around 185 million cubic feet of gas per day. The gas is sent through a 225-kilometer pipeline built and operated by Venezuela's state-owned energy firm, PDVSA, which connects the La Guajira field with Maracaibo city. The contract with Ecopetrol, Chevron and PDVSA initially called for exports to reverse in January 2012. Using the same pipeline, PDVSA would export gas to Colombia for 16 years in a sort of payback for the time Colombia exported to Venezuela during a time of need. But much of Venezuela's natural gas is located in the eastern part of the country, and PDVSA has fallen behind schedule in its plans to build pipelines that can deliver the gas in east-to-western Venezuela, and then on to Colombia. Part of the problem is also that Venezuela, which is among the world's top oil exporters, injects much of its natural gas reserves into its oil reservoirs, which increases pressure and keeps production flowing at steady rates. Colombian officials have said meeting domestic needs would be top priority if there is a local shortage, and that it would reduce or halt gas sales to Venezuela. -By Dan Molinski, Dow Jones Newswires; 57-310-867-6542; dan.molinski@dowjones.com

Stock News for Engelhard (EC)
DateTimeHeadline
09/30/201606:10:12Report of Foreign Issuer (6-k)
09/30/201600:26:00Ecopetrol updates its 2020 business plan
09/30/201600:26:00Ecopetrol updates its 2020 business plan
09/27/201616:07:00Report of Foreign Issuer (6-k)
09/16/201617:33:00ADRs End Lower; Banks, Oil Firms Slide
09/15/201612:02:00Total Gabon : Nombre total d’actions et de droits de vote au 3...
09/14/201623:23:00Result of Ecopetrol's Third Auction of the Equity Divestment...
09/14/201623:23:00Result of Ecopetrol's Third Auction of the Equity Divestment...
09/14/201617:21:21Report of Foreign Issuer (6-k)
09/09/201617:46:00Ecopetrol Publishes the Offering Notice Regarding the Third Auction...
09/09/201617:46:00Ecopetrol Publishes the Offering Notice Regarding the Third Auction...
09/02/201617:49:00Appointment of Vice-President of Supply and Services and Corporate...
09/02/201617:49:00Appointment of Vice-President of Supply and Services and Corporate...
08/31/201606:03:16Report of Foreign Issuer (6-k)
08/30/201612:57:00Total Gabon: First-Half 2016 Financial Results
08/30/201612:57:00TOTAL GABON : RÉSULTATS DU PREMIER SEMESTRE 2016
08/30/201612:21:00Total Gabon : Communiqué de mise à disposition du Rapport financier p...
08/29/201606:04:47Report of Foreign Issuer (6-k)
08/29/201606:04:46Report of Foreign Issuer (6-k)
08/26/201622:32:00Ecopetrol S.A. has been notified of Resolution 53015 of 2016...

Engelhard and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad