Wednesday, January 21st, 2026
Colombia’s vehicular natural gas prices increased 80% between 2022 and 2026, rising from approximately CoP$1,930 per cubic meter to nearly CoP$3,490, with annual average increases of 18% confirming a sustained upward trend at service stations.
Parex published its operational and CAPEX guidance for this year. It also announced that founder Wayne Foo would retire as Board Chair and Director of the Board, effective May 12, 2026.
President Gustavo Petro ordered the National Legal Defense Agency (Andje) to recover property from the SPEC regasification plant in Cartagena, claiming it represents an unconstitutional private monopoly that substantially raises electricity tariffs.
Colombian energy company Terpel announced its strategic focus on three business lines for 2026—solar energy, electromobility, and lubricants—to compensate for impacts from divestments in Ecuador and Peru.
An AtlasIntel poll (sponsored by Revista Semana) conducted January 5-8, 2026, reveals Abelardo de la Espriella leading Colombia’s presidential race with 28% voter intention, narrowly ahead of Iván Cepeda at 26.5%. The survey of 4,520 participants carries a 1% margin of error for general results and 3% for party consultations, with 95% confidence level. UPDATED Bottom-Line.
The Ministry of Mines and Energy, led by Minister Edwin Palma, activated an institutional monitoring plan for strategic fuel gas sector projects aimed at strengthening supply and guaranteeing energy system functionality.
Following political upheaval in Venezuela in early January 2026, global petroleum markets are undergoing significant realignments as major players position in the new landscape. President Trump announced substantial U.S. investment plans while Canada, Mexico, India, and China reassess their energy strategies in response to Venezuela’s changing landscape.
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