The SPEC-maintenance crisis has passed and now we can see what happened. We estimate gas supply went down by around 120 GBTUd because, even with all MinEnergia’s efforts to find more gas, there wasn’t enough to plug the hole. That means there was not enough gas for normal demand. Who didn’t get their needs satisfied?
Ecopetrol (NYSE: EC) announced that its Social Gas Program has now connected 105,115 low-income families across 20 Colombian departments to the natural gas network, marking a major milestone in its efforts to expand clean and affordable energy access.
As Colombia faces growing concerns over energy supply, Orlando Velandia, President of the National Hydrocarbons Agency (ANH), insisted the country has not lost its gas self-sufficiency.
Colombia, standing on vast natural gas reserves, risks missing a historic opportunity to secure its energy future. That is the warning from Luz Stella Murgas, President of Naturgas, who argues that the country cannot afford to leave its gas buried while paying more for imports.
Lately, Ecopetrol has talked about a third regas facility at Coveñas which makes (somewhat) more sense than its comical Buenaventura plans. Why would anyone but Rube Goldberg propose such a scheme? On second thought, maybe we don’t want to know why the NOC came up with them.
Colombia’s looming natural gas shortage has reignited debate over where to build the country’s next regasification terminal, or whether it should, in fact, build two.
Colombia’s industrial sector is bracing for a challenging energy outlook. Following recent maintenance work at the Cartagena regasification terminal, which nearly led to rationing in the Caribbean region, industrial leaders are now warning of a 50% increase in natural gas prices by 2026, alongside growing uncertainty about supply.
Colombia’s natural gas industry has made major strides toward decarbonization, achieving a 27.1% reduction in greenhouse gas (GHG) emissions compared to 2022 levels, according to the 2024 Carbon Footprint Report released by Naturgas.
Colombia’s natural gas production has fallen sharply in 2025, deepening the country’s reliance on imports to meet domestic demand.
The Caribbean coast of Colombia faces a growing risk of gas rationing as thermal power plants in the region have secured only 35% of the gas needed to operate during the scheduled maintenance of the SPEC regasification terminal in Cartagena, set for October 10–14.
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