Ecopetrol announced a 37% expansion in natural gas supply for Colombia’s residential and commercial sectors, increasing from 133 GBTUd to 182 GBTUd starting December 2025.
While IATA Director General Willie Walsh warned that disappointing progress in Sustainable Aviation Fuel (SAF) production threatens the airline industry’s environmental goals, Colombia emerges as a potentially crucial player to address the global supply shortage.
President Gustavo Petro defended his government’s economic achievements while directly attributing Ecopetrol’s declining profits to the state oil company’s failure to adopt the energy transition he advocates.
Ecopetrol faces mounting production costs as natural field decline in Colombia combines with insufficient incorporation of new projects, reducing profitability per barrel and increasing exposure to international oil price volatility.
Citi Research analyzed Ecopetrol’s 2026 investment plan and operational outlook concluding that, while there are risks, the potential production upside justifies buying the shares.
Parex announced an update on the Llanos Foothills exploration project and other operational matters.
President Gustavo Petro considers selling Ecopetrol’s Permian Basin assets essential for the company’s financial sustainability, but experts strongly disagree, viewing the move as both unviable and harmful to the stock.
Ecopetrol’s Board of Directors experienced significant changes in late November 2025, marking the second major departure in recent months and reshaping the leadership structure of Colombia’s state oil company.
President Gustavo Petro issued a stark warning that Ecopetrol should immediately sell its participation in the Permian Basin project in the United States, citing growing risks following his inclusion on the Clinton List (OFAC sanctions list).
Ballena on the Caribbean coast produces only a fraction of what it used to but still contributes an important amount to the country’s dwindling supplies. Ecopetrol also plans to convert it to a gas import facility.
2025, Hydrocarbons Colombia, All Rights Reserved.
