News and AnalysIs for

The press has been chattering about Ecopetrol’s stock price for most of the third quarter. The ADRs were US$12.67 on June 24^th (the last ex-dividend date) and closed last Friday at US$8.74 down 31%. The Colombian government, Ecopetrol’s 88% owner, seems unconcerned.

Colombia’s energy future may be on the cusp of a significant boost, thanks to the largest gas discovery in the country’s history.

Despite the recent discovery of significant natural gas reserves off the Colombian Caribbean coast, Ecopetrol’s (NYSE: EC) president, Ricardo Roa, announced that Colombia will need to continue importing gas for at least five more years.

The Mining and Energy Planning Unit (UPME) awarded audit contracts for five key infrastructure projects as part of Colombia’s National Gas Supply Plan (IPAT). These projects are essential for expanding the country’s natural gas transportation capacity and ensuring reliable supply across different regions.

The Terpel Foundation recently celebrated its 20th anniversary, marking two decades of significant contributions to education in Colombia.

The Colombian Government, through the Ministries of Finance (MinHacienda) and Mines and Energy (MinEnergia), submitted a budget proposal for royalties.