Tuesday, May 27th, 2025
Colombia’s domestic gas production during the first quarter of 2025 has reached its lowest level in five years, marking a deepening crisis in the country’s energy supply.
A heated public dispute has erupted in Colombia over the recent rise in natural gas prices, with Juan Ricardo Ortega, president of Grupo Energía Bogotá (GEB), pointing fingers at Ecopetrol (NYSE: EC) and its subsidiary Hocol. The oil giant, in turn, has defended its position, urging market players to avoid speculation and adhere to facts.
In a move aimed at addressing long-standing financial pressures in Colombia’s energy and gas sectors, the Ministry of Mines and Energy (MinEnergia) announced that the Petro administration has fully paid off the debts owed to companies for energy and gas subsidies corresponding to the years 2024 and 2025.
S&P Global Ratings revised the outlook for Colombian oil and gas company Frontera Energy Corp. (TSE: FEC).
The Colombian Association of Propane Commercialization (Agremgas) raised a serious warning about the widespread informality in the distribution of propane across the country. According to the association, this growing issue not only undermines service quality but also poses major risks to user safety, particularly for low-income households that rely heavily on this energy source.
This week’s Analyst’s Desk contribution is from periodic contributor Tomás de la Calle, who brings us the checkered history of Shell’s on-again-off-again relationship with Colombia.
In 2024, Colombia experienced a sharp decline in oil and gas exploration, raising serious concerns about the country’s long-term energy security.
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