Colombia expects its crude oil production to remain between 780,000 bbl/d and 800,000 bbl/d in 2021, close to the 2020 average. Production has been disrupted due to political protests in the second quarter of 2021 that blocked oil fields but the Ministry of Mines and Energy expects production to recover in the second half of 2021.
Pakistan will have to increase its power generation capacity to 57 GW by 2030, according to the Indicative Generation Capacity Expansion Plan (IGCEP) 2020, prepared by the National Transmission and Dispatch Company. Consequently, the country will have to invest around US$32bn by 2030 to develop new power projects. The IGCEP estimates power demand at 34.4 GW by 2030 (excluding the demand from K-Electric), requiring a power generation capacity of 53.3 GW, including existing power capacity, committed power plants and optimisation of candidates power plants. The renewable capacity could reach 6.5 GW, of which 3.8 GW would come from wind, over 1.9 GW from solar and nearly 750 MW from bagasse. In the high-case estimate, power demand could reach 57.2 GW by 2030, to be covered with 28 GW of existing capacity (6.5 GW should be decommissioned by 2030), 22 GW of committed power plants and nearly 7 GW of candidate projects.
The Russian state-owned oil transport company Transneft plans to transport between 439 and 440 Mt of oil in 2021, down from a previous forecast of 440 to 450 Mt and from the 2020 volumes (442 Mt). The company, which operates over 67,000 km of trunk pipelines in Russia, transports about 90% of the country’s output. Russia produced 512 Mt of oil in 2020 (-9%).
Gazprom has revised its gas production plans and now aims to produce 507 bcm of natural gas in 2021, up from a previous forecast of 497 bcm. In 2020, Gazprom sold 475 bcm of natural gas in 2020 (6% less than in 2019), including 219 bcm to Europe and other countries (-6%) with an average price in RUB declining by 24%, 31 bcm to former Soviet Union countries (-19%, with an average price in RUB declining by 3%) and 225 bcm to Russia (-4.5%, with prices increasing by 1.4%).