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In a sharply worded opinion piece, Aquiles Mercado, Vice President of Finance and Administration, warned that Colombia may be falling into what he calls “Energy hubris”, an arrogance that could cost the country its energy sovereignty.

Colombia’s natural gas shortage is no longer just a power generation concern, it is now hitting industry, forcing companies to turn back to coal and liquid fuels to keep operations running.

Ecopetrol (NYSE: EC), Colombia’s largest oil and gas producer, expects to continue extracting gas from several of its mature fields, including Chuchupa, Ballena, Cusiana, and Cupiagua, for more than ten years, despite their advanced decline.

Despite Colombia’s growing energy crisis, the country continues to face major delays in bringing new oil and gas discoveries into production.

In response to Colombia’s increasingly strained natural gas supply, Ecopetrol (NYSE: EC) is urging other market participants to bring more gas to market.

We have the ANH’s detailed data for gas production so we did some charts to get underneath the BMC’s numbers that domestic supply is sliding down inexorably, causing gas imports to be increasingly necessary.

Colombia’s leading gas distributor, Vanti, raised alarms over the country’s dwindling domestic gas supply and the growing dependence on imports to meet the needs of households, commerce, and industry.

At the 2025 Gas Forum in Bogotá, the President of the Colombian Mercantile Exchange (BMC), María Inés Agudelo Valencia, addressed the growing concerns about the natural gas supply deficit facing Colombia.

At the 2025 Gas Forum hosted by the Colombian Mercantile Exchange, Julián Flórez, president of the National Gas Operation Council (CON-Gas) and Director of Hydrocarbons at the Ministry of Mines and Energy (MinEnergia), placed responsibility for Colombia’s current gas supply issues on past administrations, citing a decade of inaction and poor planning.

The Colombian Natural Gas Market Operator, managed by the Bolsa Mercantil de Colombia (BMC), released its monthly report detailing the behavior of gas demand, supply, and transportation for June 2025. The figures show a slight yet consistent drop in national gas consumption.