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Over the past three years, Colombia has taken deliberate steps to reduce its reliance on oil and coal, its top two export commodities.

As energy and infrastructure projects across Colombia await environmental licenses, Alfred Ballesteros, Director of the Corporación Autónoma Regional de Cundinamarca (CAR), said the blame often lies not with government red tape, but with the “stubbornness of companies” failing to meet environmental requirements.

As tensions rise over Colombia’s natural gas supply, industries and citizens alike are seeking clarity on whether the country faces a real risk of gas shortages.

Colombia’s state-owned oil company Ecopetrol (NYSE: EC) announced an extension of its temporary 50% fee reduction for converting and purchasing its American Depositary Receipts (ADRs), following a favorable market response.

The discovery of the Sirius offshore gas field in Colombia’s Caribbean waters has been hailed as a breakthrough for the country’s energy future. With an estimated output of 450mmcfd, about 45% of the national demand, the project promises to provide short-term relief amid growing concerns about domestic gas shortages.

Luis Eduardo Parra Rodríguez is set to become the new president of Hocol, a key subsidiary of Colombia’s state-owned oil company, Ecopetrol (NYSE: EC).

Promigas, one of Colombia’s leading natural gas transportation companies, has announced a major investment of US$1.2B over the next four years in four key infrastructure projects aimed at eliminating transportation bottlenecks and ensuring stable gas supply across the country.

Primax Colombia, one of the country’s leading fuel distributors, announced a new strategic alliance with McDonald’s to reward Colombian consumers with fuel savings through an innovative campaign titled “El Match Perfecto.”

Colombia’s natural gas supply is facing a growing crisis, with a projected shortfall of 20% by 2026, according to the Gas Market Operator (GMO) under the Bolsa Mercantil de Colombia.

At the 27th Congress of the National Association of Public Utility and Communication Companies (Andesco), Ecopetrol President (NYSE: EC) Ricardo Roa announced that Colombia will need to import natural gas to meet domestic demand until at least 2034. The decision comes in response to declining production, the lack of new exploration and production contracts, and an overall loss of energy self-sufficiency.