The Ministry of Mines and Energy sent a formal request to Ecopetrol president Ricardo Roa on March 4, 2026, requiring a detailed report on the volumes of natural gas consumed by the company’s refineries during 2025 and the current year to date.
Speaking at the National Municipalities Congress in Cartagena on March 13, 2026, the deputy director of Colombia’s General Royalties System (SGR), Rubin Ariel Huffington Rodríguez, presented the Petro government’s royalties investment record, claiming CoP$46T mobilized across 13,127 approved projects since August 2022.
Energy and Mines Minister Edwin Palma met on March 17, 2026 with U.S. Embassy Chargé d’Affaires Jarahn Hillsman and his economic team to review bilateral cooperation and investment opportunities across Colombia’s energy sector.
We are rebuilding our fuel price database to capture more information while making it easier to update. Here is the first new chart, gasoline prices by city over time, here summarized to make it easier to read.
Ecopetrol’s regasification strategy has been forced into a pivot: the Coveñas project in Sucre, which had been billed as a 110 MMcfd import terminal, has effectively been shelved as a near-term priority after a series of bureaucratic delays, while the Puerto Bahía terminal in Cartagena — developed in partnership with Frontera Energy — has been accelerated to fill the gap.
Writing on X on March 22, 2026, President Gustavo Petro outlined his government’s response to the prospect of oil prices climbing to US$180/barrel by May – a scenario flagged by Saudi Arabia – placing Ecopetrol at the center of a new fertilizer subsidy mechanism while firmly closing the door on gasoline subsidies.
With Colombia’s presidential election approaching, the country’s energy policy has emerged as one of the sharpest lines of division among the leading candidates — with the opposition right promising an immediate reversal of the Petro-era hydrocarbon moratorium and the ruling coalition’s candidate signaling continuity in an energy transition that keeps extractive sectors alive but conditions them on environmental and social limits.
Energy and Mines Minister Edwin Palma used his appearance at the Contraloría General de la República’s forum on energy supply and storage on March 18, 2026 to frame the energy transition not as a Petro-government initiative but as a multi-administration policy commitment that should survive electoral cycles.
Gran Tierra Energy (GTE) announced on March 17, 2026 that it has signed an agreement with Ecopetrol to earn a 49% working interest in the Tisquirama block in Colombia’s Middle Magdalena Valley, which contains the Tisquirama and San Roque fields directly adjacent to Gran Tierra’s largest producing asset, Acordionero.
2026, Hydrocarbons Colombia, All Rights Reserved.
