NRGBriefs: Colombia Elects Gustavo Petro; Ecuador’s Force Majeure

(Energy Analytics Institute, 19.Jun.2022) — Political and energy briefs including Colombians electing Gustavo Petro as the South American country’s next president from 2022-2026; Ecuador declaring Force Majeure along the country’s entire hydrocarbon value chain; and Gazprom announcing it will deliver volumes of gas in line with recent days.



— Colombian citizens on 19 Jun. 2022 overwhelming voted for presidential candidate Gustavo Petro and his VP running mate Francia Márquez Mina of the Pacto Histórico party in the country’s presidential elections. They won the second round run off against Rodolfo Hernández and his running mate Marelen Castillo, representing the Anti-Corruption Rulers’ League party. The Petro victory marks the first time that a candidate from the left has been elected president of the conservative country. The chg of gov’t will take place on 7 Aug. 2022 w/ the departure of the administration of Iván Duque.


— Ecuador’s Ministry of Energy and Mines — through Resolution No. MEM-MEM-2022-0002-RM, dated 19 Jun. 2022 and signed by ministry head Xavier Vera Grunauer — declared force majeure along the country’s entire hydrocarbon value chain. The objective of the declaration is to avoid further damage to the country due to possible lawsuits in the event of a breach of the terms of a contract, the ministry announced 19 Jun. in an official stmt.



Gazprom announced it will deliver volumes of gas in line w/ quantities delivered in the last days, Italian oil giant Eni revealed 19 Jun. 2022 in an official stmt on its website.


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

Previous post EnCap and Double Eagle Form Double Eagle IV with over $1.7bn in Equity Committed
Next post Eni Enters the World’s Largest LNG Project in Qatar