Dutch marine technology firm ECOnnect Energy has signed an agreement with Sociedad Portuaria Puerto Bahía S.A. — a majority-owned subsidiary of Canada’s Frontera Energy Corp. — to deliver its proprietary IQuay F-Class jettyless transfer system for a fast-tracked LNG import terminal in Cartagena Bay.
Spain’s Repsol has signed a memorandum of understanding with Venezuela’s Ministry of Hydrocarbons and state oil company PDVSA to study the development of a new oil area called Horcón, located southeast of Lake Maracaibo — a zone adjacent to fields where Repsol already holds operations.
Venezuela has formalized a licensing agreement with Shell for the development and production of the Loran gas field, the Venezuelan side of the cross-border Loran-Manatee accumulation shared with Trinidad and Tobago.
Moody’s Ratings issued a sector-wide alert on Colombia’s energy and gas industry, warning that credit conditions for companies across the chain — generation, transmission, and distribution — will continue to deteriorate at least until the first half of 2027.
Colombia set a new record in the first week of June 2026, with imported gas reaching 32% of total national gas consumption — the highest share ever recorded in the country’s energy balance.
The Ministry of Mines and Energy formally issued a resolution on June 13 activating a preventive supply protection plan for the scheduled maintenance of the SPEC LNG regasification terminal in Cartagena, set to run from July 30 to August 3, 2026.
Colombia’s May 2026 headline inflation rose to 5.84%, according to DANE, with the main drivers in rental housing, water supply, food, and restaurants. Within the utilities subcomponent, however, gas performed strikingly differently: residential gas prices rose just 0.45% month-on-month, contributing a negligible 0.01 percentage points to overall inflation.
Liquefied petroleum gas (LPG) — the propane-butane blend sold in cylinder form in Colombian homes — is emerging as an increasingly strategic energy source at precisely the moment the country’s natural gas supply is under the greatest pressure it has faced in years.
Colombia’s liquefied petroleum gas (LPG aka propane) sector is heading into a structural supply gap, and a new Cartagena terminal is positioning itself as the primary solution
A year ago, Ecopetrol and Transportadora de Gas Internacional (TGI), the pipeline subsidiary of Grupo Energía Bogotá, were competing fiercely to build Colombia’s next LNG import terminal on the Caribbean coast, each claiming its project was the faster and more technically viable path to first gas in early 2027. Both promises have since deflated.
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