WE DIVERSIFY OUR REVENUE

NEW BUSINESS IN LINE WITH CLIMATE STRATEGY



We reinforce our current business and we identify, evaluate and develop new opportunities to guarantee our sustainability through comprehensive, low-carbon energy businesses that are in line with the needs and expectations of our interest groups and society in general and will enable us to be competitive and an innovation benchmark in the energy sector.  




Our sector is involved in a transition toward more sustainable forms of energy, and this exerts pressure on companies in the fossil fuel value chain to decarbonize their current operation and their future business.

We focus our management on developing new lines of business based on energy products and services that produce low or zero emissions and can be scaled up and implemented in the medium and long term. 




We thus meet the expectations of our interest groups by creating and strengthening products and services that are in line with both specific demand requirements and our climate strategy. 









We continue to support sustainable mobility
Using natural gas as fuel for vehicles is a more economical and less polluting alternative, compared to fuels derived from petroleum, and it can also be used in every type of vehicle: light automobiles, utilitarian and cargo vehicles, trucks and buses. 

It is an economically competitive fuel, compared to traditional fuels like diesel or gasoline, and it also reduces harmful gas emissions such as carbon monoxide (CO) and carbon dioxide (CO2) by about 30 per cent, compared to gasoline. It also reduces particulate material emissions, which are closely related to respiratory diseases, by more than 90 per cent.

Promigas has been promoting its use for more than 30 years and has played an active role, in conjunction with agents in the VNG supply chain, in consolidating a supply chain that is capable of benefiting potential users, as a result of which there is today a wide range of service stations in Colombia that serve more than 200,000 vehicles, including 3,000 in the areas of mass passenger and heavy cargo transportation.  

The VNG business did not escape the effects of the pandemic in 2020. The significant, sudden fall in liquid fuel prices in March affected the economic benefit that VNG offers diesel or gasoline users under normal conditions (the 45 per cent saving compared to gasoline fell to around 30 per cent); additionally, the decline in mobility in the cities where we operate affected the number of active VNG light vehicles and also average fuel consumption, especially from March to June. The pandemic period started with 70 per cent contractions, compared to figures for 12 months earlier, and the year ended with that figure at 20 per cent, meaning that the overall volume of sales for 2020 was 30 per cent down on the figure for 2019.

Action that was taken in order to mitigate the situation and stimulate continuity in the use of this clean fuel included special gas supply contract negotiations with service stations, aimed at avoiding VNG price increases, and expanding the incentives granted to potential users, in order to facilitate their access to VNG, and to active users so that they would continue to use it; additionally, communication and relationship activities with our customers were intensified. Despite the difficult situation in the sector, in the heavy cargo transportation sector we succeeded in getting 50 vehicles running on VNG to enter service in the Surtigas and GdO areas of influence.





We foster the use of renewable energies
The current global energy model will not be sustainable in the long term, due to the use of non-renewable resources and their effects on climate change. This is why we should progress to an energy transition where renewable energies (solar and wind, among others) will play a more important role in generating electricity. However, these technologies still face big challenges in terms of availability at times or on days when there is neither sun nor wind, and complementing them with natural gas will therefore be an alternative in the future. 

The time is ripe in Colombia to promote the development and use of renewable energies. They will contribute to economic development by virtue of their lower costs and the fact that they reduce greenhouse gas emissions and provide energy system reliability.

Photovoltaic solar energy has become one of the great alternatives for generating electricity. Our geographical location, the development of new technologies, a clear regulatory framework and the fact that the government has simplified procedures have brought about a magnificent environment for carrying out projects based on this type of clean energy. 

Through our affiliate companies, we have drawn up a portfolio of services which illustrates our commitment to this energy transition, one that will enable our customers to have a complete portfolio of energy solutions using clean and more environment-friendly fuels. 3.16 MWp commenced operation during the year, for a total capacity of 15.7 MWp, a growth figure of 47 per cent. 





We offer our industrial, official and commercial customers who are interested in this service a Power Purchase Agreement (PPA). Under this arrangement, our affiliates take on full responsibility for the investment and for the operation and maintenance of the photovoltaic system, which offers the user a turnkey solution and generates electricity cost savings, thereby contributing to industry competitiveness and environmental sustainability.



Our teams in different parts of the country are able to create tailormade solutions for each customer, and this will allow us, in 2025, to have more than 100 MWp of installed photovoltaic energy capacity for the whole of Colombia.  





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