Colombia’s Canacol Energy “crisis” moved on two fronts simultaneously in the third week of May, with a regulatory field inspection confirming a substantial shortfall between the company’s contractual gas commitments and its actual output, while pipeline operator Promigas escalated its opposition to Canacol’s proposed contract terminations before a Canadian court — warning of consequences it described as catastrophic for the national energy system.
Juan Camilo Restrepo, a former minister in various portfolios under various governments, has warned that Colombia’s converging gas supply and electricity challenges could require the government to invoke a constitutional economic emergency — a measure last used in the 1990s to bail out the country’s struggling power companies during the Gaviria-era rationing crisis.
MinEnergy has published a draft resolution laying out measures to protect natural gas supply and electricity system reliability during the scheduled maintenance of the SPEC LNG regasification terminal in Cartagena, planned for a five-day window between July 30 and August 3, 2026.
So earnings season comes to an end and, apart from a few special charges, a generally positive one. Brent over US$100/bl will do that. But, unsurprisingly perhaps, that is not what people are talking about
President Gustavo Petro launched a wide-ranging attack on Ecopetrol, political opponents, and business sectors in an extended post on X, centering his fire on what he described as the state oil company’s refusal to reduce its gas demand in the face of an accelerating climate crisis.
The first physical components of Colombia’s Pacific Regasification Plant are now in transit, marking a concrete step forward for one of the country’s important gas infrastructure projects.
NG Energy International Corp. (“NGE” or the “Company”) announced that it had filed its financial results for the three months ended March 31, 2026.
With a super El Niño expected to hit Colombia in the second half of 2026, Ecopetrol has outlined a two-track gas strategy: expanded import capacity and aggressive energy contracting to insulate the company from spot market volatility.
An article in Valora Analitik highlighted the Gibraltar block’s performance in March 2026 although traditional performers contributed more to satisfying Colombian demand and regas was a critical contributor.
Mines and Energy Minister Edwin Palma convened an interinstitutional meeting in Bogotá on May 13 to review the financial and operational situation at Canacol Energy and its potential implications for Colombia’s gas supply and market stability.
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