Monday, June 23rd, 2025
A sharp decline in Ecopetrol’s (NYSE: EC) contributions to the Colombian government is anticipated over the next few years, according to projections outlined in the recently published Medium-Term Fiscal Framework (MFMP).
Gas supply continues to fall while gas demand rises. The obvious consequence is that imports rise and thus the average cost of gas. The Petro government has even stopped saying that everything is under control or threatening to fine E&Ps that “waste” gas. Where did it go?
As Colombia’s fossil fuel production declines amid lower global prices and a national policy shift away from extractive industries, critical questions emerge about the future of royalties, the backbone of regional development in many parts of the country.
In a landmark effort to boost Colombia’s energy transition, the National Hydrocarbons Agency (ANH) and the Industrial University of Santander (UIS) have unveiled the results of a comprehensive research initiative aimed at identifying real, science-backed opportunities for decarbonization and efficient use of national resources.
A recent ruling by the Administrative Court of Cundinamarca has ordered the Colombian government, under President Gustavo Petro, to allocate and execute the necessary funds to pay energy and gas subsidies owed to low-income households across the country.
Colombian President Gustavo Petro has strongly criticized the country’s longstanding gasoline subsidy.
In a significant policy shift, the government of President Gustavo Petro will raise the price of diesel fuel for all vehicles in Colombia that are not used for cargo transportation.
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