News and AnalysIs for

Colombia’s Canacol Energy “crisis” moved on two fronts simultaneously in the third week of May, with a regulatory field inspection confirming a substantial shortfall between the company’s contractual gas commitments and its actual output, while pipeline operator Promigas escalated its opposition to Canacol’s proposed contract terminations before a Canadian court — warning of consequences it described as catastrophic for the national energy system.

Juan Camilo Restrepo, a former minister in various portfolios under various governments, has warned that Colombia’s converging gas supply and electricity challenges could require the government to invoke a constitutional economic emergency — a measure last used in the 1990s to bail out the country’s struggling power companies during the Gaviria-era rationing crisis.

MinEnergy has published a draft resolution laying out measures to protect natural gas supply and electricity system reliability during the scheduled maintenance of the SPEC LNG regasification terminal in Cartagena, planned for a five-day window between July 30 and August 3, 2026.

Colombia enters its May 31 presidential first round with four polling firms pointing in the same general direction — Iván Cepeda first, Abelardo de la Espriella second, Paloma Valencia third — but diverging so sharply on margins that they imply fundamentally different results.

So earnings season comes to an end and, apart from a few special charges, a generally positive one. Brent over US$100/bl will do that. But, unsurprisingly perhaps, that is not what people are talking about

We found an article about hydrocarbons imports but that was only updated to February and didn’t say much about why things were the way they were. We were inspired to go back to the source data in DANE, Colombia’s statistical institute and update our trade balance chart.