EPM and Canacol Energy signed a contract for the supply of natural gas in Antioquia, starting in December 2024, focusing on energy security and environmental sustainability.

Target Information

EPM (Empresas Públicas de Medellín) is a key player in the natural gas sector, serving over 1.35 million clients across 120 populations in 92 municipalities in Antioquia, Colombia. The company boasts an extensive infrastructure comprising 88 kilometers of steel pipeline and 8,319 kilometers of distribution network, achieving a universal service coverage of 86%. EPM is dedicated to environmental protection and air quality, operating 17 proprietary natural gas refueling stations (GNV).

Canacol Energy is a natural gas exploration and production company primarily focused on operations in Colombia. It is publicly listed on the Toronto Stock Exchange under the symbol CNE, on the OTCQX in the United States under CNNEF, and on the Colombian Stock Exchange under CNEC. The company aims to secure steady growth and diversify its market presence, as seen in its recent contract with EPM.

Industry Overview

The natural gas industry in Colombia has emerged as a crucial element for energy security and economic growth. As a cleaner fuel alternative, natural gas plays a significant role in the transition from