Thursday, April 23rd, 2026
Colombia’s Attorney General’s Office has moved to implicate the outgoing Petro administration in a major corruption scandal centered on the Asociación Regional de Municipios del Caribe (Aremca), after the arrests of nine of the organization’s directors on charges related to the alleged diversion of more than CoP$496B in royalties funding through 101 inter-administrative agreements with twelve departments, most never fully executed.
The International Air Transport Association (IATA) opened its Wings of Change Americas (WOCA) conference in Santiago, Chile, with a stark warning about the financial pressure the Middle East conflict has placed on the aviation sector’s fuel supply chain. Peter Cerdá, IATA’s regional vice president for the Americas, told delegates that crude oil prices have climbed from roughly US$70 per barrel before hostilities began to above US$110 today.
Parex Resources, Colombia’s largest independent oil producer, expects its output in the country to grow strongly following its acquisition of Frontera Energy’s Colombian assets — a transaction that will make Parex two to three times larger than any other private operator in the market.
The regasification terminal that Transportadora de Gas Internacional (TGI), a subsidiary of Grupo Energía Bogotá, announced in October 2025 for the Ballena field in La Guajira will not be ready in January 2027 as originally projected — and may now not enter service until early 2028.
Speaking at the Naturgas annual congress in Cartagena, Energy Minister Edwin Palma announced a proposal to implement an open season auction mechanism for viable regasification projects — a market instrument that would allow CREG to assess user demand before infrastructure is built, providing financial viability guarantees and efficient capacity allocation before capital is committed.
Five of Ecopetrol’s nine board members received an extraordinary summons by email on the morning of April 15 and gathered at Casa de Nariño with President Gustavo Petro — a meeting that triggered a sharp dispute between competing accounts of what was discussed and what may come next for Ricardo Roa.
A Corficolombiana research report cited by Bloomberg Línea delivers the starkest assessment yet of Colombia’s gas supply trajectory: production is in freefall, imports are surging to compensate, and the country is becoming dangerously dependent on infrastructure never designed for the role it is now playing.
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