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Energy and Mines Minister Edwin Palma has acknowledged that cheap Venezuelan gas imports could fundamentally alter the economics of Colombia’s domestic supply plans – potentially undermining the commercial rationale for the offshore Sirius project and curtailing the market for regasification infrastructure.

Ecopetrol president Ricardo Roa used the company’s 2025 financial results presentation to directly address and reject allegations — circulating from anonymous sources — that Colombia’s state oil company had been deliberately withholding gas injections at fields such as Floreña to manufacture artificial shortages and sustain elevated gas prices.

The Antonio Ricaurte pipeline — the 225-kilometer infrastructure connecting Lake Maracaibo to Colombia’s La Guajira department — sits at the center of the Petro government’s most ambitious near-term gas supply strategy, but a cascade of technical, legal, and contractual complications make reactivation a far longer and more costly undertaking than official rhetoric suggests.

Colombia’s Ministry of Mines and Energy has confirmed a high-level meeting with U.S. government officials to advance an OFAC license that would allow Ecopetrol and ISA to reactivate bilateral energy projects with Venezuela.

A high-level Colombian delegation traveled to the Palacio de Miraflores in Caracas on March 14 after a planned border summit between President Gustavo Petro and Venezuelan acting president Delcy Rodríguez was cancelled for force majeure.

Colombia’s Superintendent of Public Services (SuperServicios) has launched an investigation into “pure commercializers” of natural gas—intermediaries who purchase and resell gas in the secondary market without serving end users—amid concerns that excessive intermediation is driving up residential and commercial tariffs.

The Colombian government ordered the refund of over CoP$150B to natural gas users for overcharges in the transport component of tariffs. Gas transporters TGI, Promigas, and three other companies immediately rejected the order, denying any improper charges and threatening legal action.

Colombia’s natural gas shortage is driving an environmental reversal in the industrial sector, forcing companies to switch from cleaner fuels to more polluting alternatives. Between January 2025 and January 2026, Colombian industry substituted 38.6 Giga BTU per day of natural gas – equivalent to 16% of non-regulated industrial demand  – with higher-emission fuels.

The ANH reports that commercialized natural gas production in December 2025 stood at 692.91 million cubic feet per day (mcfd). This monthly variation does not compromise the country’s energy security nor is it due to public policy decisions by the national government.

Financiera de Desarrollo Nacional (FDN) and BTG Pactual announced financial close for Ecopetrol’s Regasificadora del Pacífico project designed to import natural gas through Buenaventura.