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This should come as a surprise to no one: as domestic production falls, the supply mix shifts to imported gas at more than twice the price of domestic. The average inevitably has to go up.

A global shortage of floating regasification vessels is raising costs and delaying the LNG import projects Colombia is counting on as its domestic gas declines.

Colombia faces a growing natural gas deficit if the projected decline in domestic output continues, and a regasification terminal in La Guajira is central to closing it.

Colombia’s natural gas industry posted across-the-board declines in August, according to figures from industry group Campetrol.

With ConocoPhillips and ExxonMobil both having exited Colombia’s fracking sector, Ecopetrol and Drummond Energy are now the clearest contenders to drill the country’s first unconventional well, while GeoPark has signaled interest without yet committing to specific blocks.

Ecopetrol president Joaquín Gutiérrez Caballero traveled to Caracas on September 30 to attend the International Petroleum and Gas Congress, framing the trip as an exploratory mission rather than the start of any deal.

Colombia declared programmed natural gas rationing this week for industrial customers, requiring an explanation of both the mechanical trigger and the broader supply fragility it exposes.

A malfunction in one of the floating regasification unit’s trains at the SPEC terminal in Cartagena forced Colombia into temporary industrial gas rationing starting September 24^th, cutting the terminal’s capacity from 475 to 400 mmcfd and restricting roughly 15 GBTU/day of demand normally covered by imported gas.

Promigas’s 27th annual natural gas sector report frames 2026 around a single organizing idea: energy security. Colombia has moved from being self-sufficient in gas to permanently import-dependent, and the document argues the country’s real vulnerability is no longer whether molecules exist somewhere in global markets, but whether Colombia has the local capacity to contract, finance, transport, and operate them reliably under stress.

Óscar Rincón, president of the Asociación Colombiana de Ingenieros de Petróleos (Acipet), projected gas imports could reach 35-40% of national consumption by the end of 2026 as El Niño pushes thermal plants toward near-full dispatch capacity.