President Gustavo Petro ordered the National Legal Defense Agency (Andje) to recover property from the SPEC regasification plant in Cartagena, claiming it represents an unconstitutional private monopoly that substantially raises electricity tariffs.
The Ministry of Mines and Energy, led by Minister Edwin Palma, activated an institutional monitoring plan for strategic fuel gas sector projects aimed at strengthening supply and guaranteeing energy system functionality.
We are only a little over two weeks into 2026 and the number one theme from last year, natural gas, is the number one theme this year.
Colombia’s industrial natural gas demand fell 23.7% between November and December 2025 following sharp price increases triggered by the expiration of supply contracts on November 30.
President Donald Trump’s ambitious plan to revitalize Venezuela’s oil industry through USD$100B in private investment faces significant obstacles as major oil companies express skepticism, culminating in Trump threatening Sunday to exclude ExxonMobil from the South American nation after its CEO called Venezuela “uninvestable.”
Despite the Petro government’s criticism of U.S. intervention in Venezuela following Nicolás Maduro’s capture, Energy Minister Edwin Palma signaled openness to negotiating with the Trump administration.
President Gustavo Petro requested that state-owned Ecopetrol substantially reduce internal natural gas prices as Colombia confronts a growing gas shortage forcing dependence on costlier imports. According to the country’s commodities exchange, internal gas production is projected to fall up to 20% below demand next year.
Promigas announced on December 23 a new advance in the Barranquilla-Ballena Bidirectionality Project by placing into operation, ahead of schedule, 20 mmcfd of additional natural gas transport capacity between the Caribbean coast and Colombia’s interior.
The NOC published a press release that set the stage for the Ministry’s announcement of increased gas declarations.
Just before the end of December, the NOC published a press release on this important potential source of new gas.
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