And we cannot ignore them, and they will be part of that cross-cutting access for economic decisions at Ecopetrol, which is called a capital discipline. Each of these opportunities will be developed as they are defined and studied thoroughly in a rigorous manner, as part of the premises and tenets that have been planned and disseminated about this discipline. The timing and the opportunities for decision on such investments would be part, obviously, of that roadmap and that portfolio that we are supposed to assist. Also, considering that, not only as to the expectations of the government but also with respect to the existence of new conditions in the legal platform, derived from the derogation of some articles that prohibited the vertical integration of energy business in a company such as ISA.
And second, in the issuance of emergency decrease where the regulatory and legal spaces being open for Ecopetrol to be able to make investments in the generation of renewable and conventional energy sources. With respect to your second question, I would like to pass the floor to Jamie by mentioning, of course, that this is a draft document. For comments and observations of the stakeholders, we have been participating in it and conducting our analysis. So, I pass the floor now to Jamie.
Jaime Caballero: Thank you, Mr. President, and thank you, Catherine, for your question. The Ministry of Mines and Energy published recently this draft of the roadmap for energy transition that gathers a very interesting diagnosis of the government since 2022 and part of 2023, with dialogue that have been conducted throughout the Colombian territory with benchmarks, thanks to the multilateral support we have received from different governments worldwide. And, this concludes the analysis of scenarios that President Well said, we will have comments until August 16th. Before going specifically into natural gas. I would like to share that the diagnosis highlights several points where we have full alignment between the government’s vision and the strategy of a corporate role in three areas.
The first one is the relevant thing, the renewable and conventional energy sources, and the importance for the country that we continue on the road of developing this type of energy. Second, of course, we’re aligned. The document says is to the relevance of natural gas in its fundamental role in the energy transition. And I’ll talk further about that. And finally, the document recognizes something that is very important and that is the importance of this transition being a gradual process. Having said that, with respect to gas, I’ll go back to something we mentioned in previous call about simplifying through three types of resources that we have in our portfolio reserves that have a very high probability of being developed and produced, the contingent resources that have more uncertainty and then the perspective resources that have even more uncertainty.
When you detail the scenarios that you mentioned in your question, with respect to projections of gas in this roadmap of energy transition, well effectively only considering the reserve, it’s evident that the reserve today are insufficient to meet all the demand for gas in the medium and long term. That is something that is in line with our figures and that’s the conclusion of this roadmap and the Ecopetrol strategic plan. And it’s essential to have development of the discovery that we have announced recently in the offshore basin because that will enable us to develop the contingent resources, the resources that be discovered, and the prospective resources. In this regard the roadmap shows that to be able to reverse that situation, we must continue investing in gas offshore.
