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Minister of Mines and Energy María Nohemí Arboleda says it could take three to four years to normalize Colombia’s natural gas supply because of accumulated delays in exploring and developing new projects.

GeoPark completed its entry into Venezuela on November 2, when its 25-year Production Participation Contract (CPP) for the Bare Block took effect well before the 120-day period the contract allowed, and Grupo Gilinski became its controlling shareholder.

Chevron says it plans to invest more than US$100 million in Colombia over the coming years and to reach 200 service stations in priority markets under the Texaco brand.

Imports now cover 61% of Colombia’s liquefied petroleum gas (LPG) demand and would exceed 70% early next year if growth continues at the first-half 2026 pace, according to Alejandro Martínez V., president of the industry association Gasnova.

Colombia’s Ministry of Mines and Energy lifted the scheduled natural gas limitation at 11:59 p.m. on Saturday, October 31, after corrective work at the SPEC LNG regasification terminal in Cartagena finished ahead of schedule.

Drummond Energy says it holds four exploration and production contracts for unconventional gas, the only company in Colombia with such contracts, and is pressing the government to clear the way for its Cesar-Ranchería project.