News and AnalysIs for

The ANH has published detailed gas production results for 2024 and we can now see who the “winners and losers” were.  We also look at MinEnergia’s recent statements that “there is enough gas”, with no need for imports.

As soon as Colombia’s gas tariff crisis erupted, the Energy and Gas Regulatory Commission (CREG) issued Resolution 102 015, aimed at providing flexibility in contracts between producers and marketers starting in June 2025.

Tomás González, former Minister of Mines and Energy and director of the Regional Center for Energy Studies (CREE) raised concerns about the future of natural gas supply in Colombia.

Ecopetrol (NYSE: EC) is set to increase its natural gas import capacity next year to counteract Colombia’s dwindling reserves.

The rising cost of gas in Colombia sparked concern among industry leaders and policymakers, who warn of both immediate and long-term consequences for consumers and businesses.

Millions of Colombian households were met with an unwelcome surprise in February as natural gas prices soared, with increases reaching up to 36% in several major cities, including Bogotá, Medellín, and Bucaramanga.

Amid ongoing concerns over natural gas availability and rising prices in Colombia, speculation arose regarding a possible intervention of Vanti by the Superintendency of Industry and Commerce (SIC).

The debate over gas prices in Colombia has sparked controversy, with conflicting narratives from gas distributors and the government.

Following Vanti’s announcement of a 36% increase in gas bills, particularly affecting regions like Bogotá, some media outlets suggested that the rise might be artificially induced. However, experts argued that the real causes behind the price surge are gas shortages and transportation challenges, as Vanti has stated.

Ecopetrol (NYSE: EC) initiated the commercial process for selling available natural gas for the coming years, sourced from the Cusiana, Cupiagua, and Cupiagua Sur fields in the Casanare department of Colombia.