Thursday, May 22nd, 2025
In 2024, Colombia experienced a sharp decline in oil and gas exploration, raising serious concerns about the country’s long-term energy security.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for April 2025.
Colombia’s economy grew by 2.7% in the first quarter of 2025 compared to the same period in 2024, a result considered positive by experts. However, the performance has been uneven across sectors, with persistent concerns in oil, mining, and construction.
Colombia’s National Environmental Licensing Agency (ANLA) launched a sanctioning process against Ecopetrol for environmental violations related to its Campo Río Ceibas oil project in Huila, located in the southern part of the Andean region.
The Fuel Price Stabilization Fund (FEPC), a key instrument to buffer domestic fuel prices against international volatility, is projected to end 2025 with a deficit of CoP$3.8T, its lowest since 2020, but still a significant burden on the national budget.
Colombia’s oil industry is showing signs of serious strain, as national crude production in March 2025 fell to its lowest level since May 2022.
Colombian President Gustavo Petro announced potential sanctions against gas intermediary companies, accusing them of diverting residential gas supplies to more lucrative thermoelectric generation. His remarks follow a Fedesarrollo study warning of steep increases in gas tariffs due to rising import dependency.
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