Ecogas was created in 1997 to administrate the gas transport infrastructure of state oil company Ecopetrol. The company has over 3,600km of pipelines and supplies 17 distributors (which represent 32% of company income), seven industrial clients (2%), eight power generation plants (17%), four traders (48%) and three vehicular natural gas (VNG) suppliers (1%). The company is profitable: in 2002 it posted net profits of 107bn pesos (today some US$38mn) and in the period 1999-2002 increased its operating profits by an annual average of 13.8%. Natural gas demand in 2002 was just over 600 million cubic feet a day (mcf/d), according to the government's social and economic policy council (Conpes), which estimates the figure will double by 2010. The government announcement is a preliminary one, and details of how the sale will be structured are not available yet.
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