News and AnalysIs for

A year ago, Ecopetrol and Transportadora de Gas Internacional (TGI), the pipeline subsidiary of Grupo Energía Bogotá, were competing fiercely to build Colombia’s next LNG import terminal on the Caribbean coast, each claiming its project was the faster and more technically viable path to first gas in early 2027. Both promises have since deflated.

Colombia’s June 21 presidential runoff between Abelardo De la Espriella and Iván Cepeda will be, among other issues, a referendum on economic model: a pro-business, hydrocarbon-led growth agenda on one side versus a continuation of Gustavo Petro’s statist, redistributive project on the other. For the energy sector, the contrast could hardly be starker.

Colombia’s Superintendencia de Industria y Comercio (Superindustria) has announced it is analyzing a request related to a business integration between Ecopetrol and Parex Resources Colombia, citing the need to assess the impact on free market competition.

The Iran War brought a welcome boost to oil prices that will benefit E&Ps throughout this year and into next. But will it also spur an end to the Internal Combustion Engine which has dominated transportation (and other applications) for over a century?

Since December 2024, we know that Colombia’s imported gas has been used for purposes other than feeding gas-powered thermogeneration plants, the reason regas facility SPEC was built in the first place. But is it significant?

Parex Resources Colombia used an article in El Espectador to mark its track record under Colombia’s Works for Taxes mechanism — the scheme that allows companies to redirect a portion of their income tax obligations directly into public infrastructure projects in historically underserved regions.