Tuesday, October 20th, 2026
Ecopetrol has declared void the offers it received to import LNG on five-year terms, saying they did not meet minimum commercial conditions, and says it will strengthen domestic gas output and accelerate Sirius.
Colombia’s Mines and Energy Minister María Nohemí Arboleda says gas supply could fall short from February 2027 as domestic reserves shrink and imports grow.
President Abelardo de la Espriella has issued a directive that reshapes how Colombia handles prior consultation with ethnic communities, replacing three earlier presidential directives.
Boston Consulting Group (BCG) warns that most of the industry’s largest producers face shrinking volumes over the next 15 years.
Citi has kept Ecopetrol at Neutral with an unchanged US$18 per ADR target, calling the appointment of Joaquín Gutiérrez as president a missed chance to signal independent governance.
Colombia now imports more liquefied petroleum gas (LPG) than it produces, as industrial users switch away from scarce natural gas and domestic output declines.
Chile has no significant domestic gas production, yet its supply does not hinge on a floating regasification unit (FSRU), a contrast that shows how exposed Colombian industry is, argues Patricio Mura Escobar, general manager of Grupo GasPaís.
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