Ok. Last week, Brent went up in response to rising geopolitical tensions. But the fundamentals point in the other direction. OPEC wants to raise production to force out marginal E&Ps and the International Energy Agency predicts a “glut” next year. How far will prices fall and will that force Colombian producers out of the market?
The recent contingency at SPEC LNG, Colombia’s only regasification terminal, offered a stark reminder of how fragile the country’s energy system can be.
Even as questions grow over Colombia’s declining oil production and the country’s future energy self-sufficiency, domestic fuel consumption continues to climb. According to the latest report from the Confederation of Fuel and Energy Retail Distributors (COMCE), demand for gasoline and diesel surged in the third quarter of 2025, with premium gasoline posting record growth.
Ecopetrol (NYSE: EC) officially opened the contracting process for the logistics and regasification services associated with its new liquefied natural gas (LNG) terminal in Coveñas, Sucre, one of the country’s most strategic energy hubs on the Caribbean coast.
After several days of maintenance and a brief technical setback, Sociedad Portuaria El Cayao (SPEC LNG) announced the full restoration of regasification operations at its Cartagena terminal, confirming that natural gas supply to the National Transportation System (SNT) has returned to normal.
On Colombia’s Caribbean coast, the Coveñas maritime terminal serves as the beating heart of the country’s oil exports, a complex that moves between 90% and 95% of all crude shipped abroad.
Norte de Santander is setting its sights on becoming a regional energy and logistics hub, with plans for a modular refinery operating under a free trade zone regime, major highway improvements, and a freight train to connect the department with the Caribbean coast.
A new government proposal to apply VAT to ethanol and biodiesel could undermine Colombia’s progress toward cleaner fuels and climate goals.
As Colombia edges closer to a natural gas shortfall projected for 2026, a new clash has emerged over how to prevent it. The state-controlled Ecopetrol has rejected, for now, a proposal from Transportadora de Gas Internacional (TGI) to jointly build a regasification terminal in La Guajira, opting instead to prioritize its own project in Coveñas, Sucre.
The Petro administration has taken another step toward reshaping Colombia’s fuel market, this time targeting the long-standing pricing formula for biofuels.
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