NRGBriefs: ANH’s Bid Round, Venezuela’s Declining GDP

(Energy Analytics Institute, 28.Sep.2021) — Energy briefs including Colombia’s ANH pushing back bid round deadlines, Colombia’s plans to reveal its hydrogen roadmap, and Trinidad and Tobago’s government commenting on a subsidy to Lake Asphalt Trinidad and Tobago Ltd. (LATT), among other updates.



— Colombia’s Minister of Mines and Energy Diego Mesa Puyo will accompany the country’s President Ivan Duque during the presentation of the country’s hydrogen roadmap on 30 Sep. 2021 in Barranquilla. Hydrogen has great potential in terms of transportation as a zero-emission fuel, meaning it can be used for both mass transportation and light vehicles.

— Colombia will offer 32 blocks in its 2021 hydrocarbon bid (including 28 E&Ps, 8 TEAs and 4 nominated areas), according to data provided by Colombia’s ANH. However, the ANH recently pushed back a deadline for potential bidders interested in the 32 blocks. Interested parties will now have until 15 Oct. 2021 to express interest in qualifying versus an earlier date of 30 Sep.

Trinidad and Tobago

— Trinidad’s ministry of energy and energy industries (MEEI) is exploring how to assist Lake Asphalt Trinidad and Tobago Ltd. (LATT) become self-sustainable as “it is not acceptable for LATT to continue depending on subvention from Treasury to cover its wages and expenses,” MEEI announced 28 Sep. 2021 in an official stmt.

— Trinidad’s energy minister Stuart R. Young participated in the 4th annual GECF workshop on natural gas, the MEEI announced 29 Sep. 2021 in an official stmt. The workshop addressed growing demand for gas in new and niche sectors, including technological solutions for development of blue hydrogen, the transportation sector and the role of small-scale LNG reaching emerging and potential mkts. The workshop also focused on environmental issues related to reducing carbon and methane emissions as they relate to the gas industry, and collaborative strategies that mkt players can implement to strive for net-zero emissions.

— Trinidad’s energy minister Stuart R. Young inaugurated on 22 Sep. 2021 the Preysal NP Service Station, which is now open for business, the MEEI said.


— Venezuela will introduce a monetary conversion, effective 1 Oct. 2021, and cut off six zeros from the Venezuelan Bolivar, the South American country’s official currency. Venezuela continues to suffer from political and economic crises accompanied by runway inflation which have trigger a humanitarian situation that has seen nearly 5mn Venezuelan citizens abandon the country between 2015 and 2021 to date, according to UN data.

— Venezuela’s GDP has declined an accumulated 74% between 2014-20, according to a recent “ENCOVI 2021” study released in Sep. 2021 by the Universidad Católica Andrés Bello (UCAB).


By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.