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Ecopetrol is set to take another major step toward strengthening Colombia’s energy security with the potential approval of a third natural gas import terminal, this time in Coveñas, Sucre.

NG Energy International Corp. (TSXV: GASX) announced a strategic consolidation of its interests in the Sinu-9 natural gas block, located in Colombia, through the acquisition of a 28% working interest from its minority partners.

GeoPark (NYSE: GPRK) parks its flagship field while Ecopetrol (NYYSE: EC), Gran Tierra (TSX: GTE), and Parex Resources (TSX:PXT) remain active in one of Colombia’s most complex basins.

In 2017, Norway set a bold goal: by 2025, all new cars sold would be electric. The European Union followed suit, setting its own deadline for 2030. However, the waning consumer demand and mounting pressure from automakers have already pushed that target to 2035. This shift reflects a deeper truth: the world may not be as ready to go electric as governments once hoped.

As Colombia faces growing concerns over its natural gas supply, the president of Grupo de Energía de Bogotá (GEB), Juan Ricardo Ortega, is calling for urgent reforms in pricing, regulation, and long-term contracting.

Cenit, the hydrocarbon transportation subsidiary of Ecopetrol (NYSE: EC), has once again activated its Emergency and Contingency Plan (PEC) following a terrorist attack on its infrastructure in the rural area of Tame, in the Arauca department of Colombia.