Tuesday, May 26th, 2026
Three industry voices converged in the third week of May to paint a consistent and sobering picture of Colombia’s gas supply exposure as El Niño approaches: the country is entering the dry season with falling domestic production, record import volumes, a single regasification terminal already running near capacity, and a key gas producer in insolvency proceedings.
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.
President Gustavo Petro launched a wide-ranging attack on Ecopetrol, political opponents, and business sectors in an extended post on X, centering his fire on what he described as the state oil company’s refusal to reduce its gas demand in the face of an accelerating climate crisis.
The first physical components of Colombia’s Pacific Regasification Plant are now in transit, marking a concrete step forward for one of the country’s important gas infrastructure projects.
Juan Gonzalo Castaño Valderrama has resigned from Ecopetrol’s board of directors after just over three months in the role, the latest disruption to the state oil company’s already turbulent governance.
2026, Hydrocarbons Colombia, All Rights Reserved.
