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Colombia is facing a critical energy situation, with warnings from key stakeholders in the hydrocarbons and electricity sectors about a potential natural gas deficit by 2025.

Colombia announced its largest natural gas discovery in three decades, a find that could double the nation’s reserves and sustain its gas supply for up to 40 years.

At the VII Oil and Gas Summit, the consulting firm Jaime Arteaga y Asociados presented the sixth edition of the Petroleum Barometer, a comprehensive study that tracks public perceptions, concerns, and expectations regarding Colombia’s oil and gas sector.

Canacol Energy (TSX: CNE) is currently under investigation by Colombia’s Ministry of Mines and Energy (MinEnergia) due to its failure to meet the gas production commitments it made for 2025 and 2026.

Ecopetrol (NYSE: EC), through its subsidiary Cenit, reached an agreement with Promigas to evaluate a new connection between the gas markets of Colombia’s coast and interior.

Ecopetrol (NYSE: EC) announced a significant new step in its offshore gas exploration efforts with the launch of the “Papayuela” well, located in the Gua-Off-0 block (previously known as Tayrona) in Colombia’s Caribbean region.

During the VII Oil, Gas, and Energy Summit, Orlando Velandia, President of the National Hydrocarbons Agency (ANH) of Colombia, addressed critical concerns about the country’s natural gas sector, particularly the looming deficit projected for 2025.

At the close of the ANIF Capital Markets Seminar, Ángela Hurtado, President of JP Morgan Colombia, talked about the key factors driving investment capital outflows from Latin America and how this region’s behavior contrasts with the rest of the world.

The ELN process is suspended! No wait. We reported that last month. But this month, Petro confirmed it. He’s given up on them. Still old news. The process with the Segunda Marquetalia almost fell off the rails but the two sides will meet now in Cuba. Didn’t we say that before? Maybe. Or something similar. The Clan? No change? Mordisco? Still blowing things up? Calarca? Not clear.  Yesterday’s news.

Bruce Mac Master, president of the National Business Association of Colombia (ANDI) and the Business Council, issued a stark warning regarding the country’s energy future.