The Alberta court’s June 24th authorization for Canacol to void its gas contracts has generated a widening circle of sector responses that go beyond the immediate Cerro Matoso crisis, touching distribution companies, the coal sector, industrial associations, and legal scholars, all of whom converged on a single point: the decisive chapter will be written not in Calgary but in Bogotá.
Two concurrent market developments are repositioning liquefied petroleum gas (LPG) as a strategic energy alternative in Colombia and both are being driven by the same underlying force: the accelerating collapse of domestic natural gas supply at a moment when imported gas is becoming too expensive for the country’s interior regions to absorb.
Parex Resources reported a 2Q26 average production of 54,090 boed on July 6th, a figure that understates the company’s transformed scale because it blends two months of pre-acquisition operations with a June that was fundamentally different.
Alcindo Moritz, president of Petrobras Colombia, used a La República interview to lay out the most detailed public timeline yet for the Sirius offshore gas megaproject — and to deliver a pointed assessment of what Colombia’s new government must do to prevent the current gas crisis from deepening further.
Ecopetrol has temporarily suspended the contracting process for shutdown and maintenance services at its Barrancabermeja and Cartagena refineries — a procurement worth approximately US$700M — following a corruption scandal that combined an anonymous bribery complaint sent to board members in May with two internal memos from senior refinery officials demanding the process be frozen before the government handover.
As might have been expected, we got complaints about using the SuperSociedades data in yesterday’s chart. Today we try to be a bit more rigorous.
The Colombian Oil and Gas Association (ACP) issued a formal warning on July 1 that a work stoppage at Puerto Gaitán, Meta — now exceeding 25 days — is causing escalating damage to employment, regional economic activity, contractor supply chains, and the execution of strategic infrastructure projects across the hydrocarbons sector.
Miguel Gómez Martínez, designated Finance Minister for the incoming de la Espriella administration, gave Valora Analitik his most candid assessment yet of Ecopetrol’s condition and the incoming government’s economic framework in a wide-ranging interview published July 4.
Cerro Matoso, the ferronickel producer in Córdoba owned by CoreX following South32’s exit, confirmed on July 1 that it has reduced operations by 25% due to gas supply restrictions already imposed by Canacol — a cut the company says puts hundreds of direct jobs and contracts with local suppliers and contractors at risk, along with royalty and tax flows to both the department and the national treasury.
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