By : Franyi Sarmiento, Ph.D., Inspenet, June 30, 2022
Starting in the second half of 2022, Ecopetrol will deliver 10% more LPG to the market, that is, 4,800 tons of additional product on average per month, which represents the basic monthly consumption of approximately 330,000 Colombian families.
This increase is the result of efficiencies in the use of the product in its operations and will have a positive impact for the country, since it decreases the need to import LPG which, under current market conditions, can be worth up to twice the sale price of LPG. LPG produced by Ecopetrol.
This management adds to the effort made by the company by granting a discount close to 30% (compared to Ecopetrol’s current price in December 2021) and which, as announced at the time, is valid between the first (1) of January and June 30, 2022. This temporary benefit, estimated at around $200 billion pesos, was implemented with the purpose of benefiting the most vulnerable populations in the country in strata 1, 2, 3 and rural areas.
On the other hand, in the second semester of 2022 they plan to connect more than 5,540 new LPG users through an alliance with the Government of Arauca and Fundación Oleoducto Vivo to benefit four municipalities of Arauca.
According to a statement from the company, Ecopetrol expressed its desire to continue working and participating in the talks that seek structural measures that contribute to the development of the sector.
This material from the País Minero portal was edited for clarity, style and length.
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