Tuesday, July 7th, 2026
Miguel Gómez Martínez, designated Finance Minister for the incoming de la Espriella administration, gave Valora Analitik his most candid assessment yet of Ecopetrol’s condition and the incoming government’s economic framework in a wide-ranging interview published July 4.


Fabio Arjona Hincapié – a marine biologist, former vice-minister of Environment under Ernesto Samper, and until recently director of Conservación Internacional Colombia – was confirmed as de la Espriella’s minister for the Environment and Sustainable Development portfolio that will sit at the intersection of the new government’s hydrocarbons expansion agenda and its stated commitment to environmental protection.
More than one million Colombian families still rely on firewood or charcoal for cooking — among the most polluting and health-damaging combustion sources in daily domestic use — and Ecopetrol’s Gas Social program exists to close that gap one network connection at a time.
The El Niño weather phenomenon means less water behind hydro dams, less hydroelectricity produced and more need for gas-powered thermoelectricity. That plus the need to import LNG means gas prices should be going up.
NG Energy International Corp. reported on July 2 that Magico-2X — the second well in its six-well 2026 drilling campaign at the Sinú-9 block in northern Colombia — was spud on June 26, targeting the Pre-CDO–San Cayetano formation as its primary objective.
Colombia’s third LNG regasification project reached a visible construction milestone in late June when the Sociedad Portuaria Regional de Buenaventura received 30 heavy components — individual pieces weighing between 37 and 76 tonnes — destined for the regasification facility being built in Buga, Valle del Cauca.
Colombia’s energy regulator CREG released an infographic guide explaining how it will manage the continuity of liquefied petroleum gas (LPG) public distribution service under its PERP/PC regulatory project framework, a process designed to ensure that LPG infrastructure remains operational when existing operators cannot or will not continue executing a project.