Colombia’s energy and gas regulator, the CREG, has announced a series of public hearings to socialize Draft Resolution No. 703 004 of 2026, which sets out the mechanisms for executing projects under the Liquefied Petroleum Gas (LPG aka propane) Continuity Plan.
SPEC LNG, the Promigas-owned regasification terminal at Cartagena, has issued a statement disputing a CoP$427 million fine imposed by the Superintendencia de Servicios Públicos Domiciliarios (SuperServicios) over the accuracy of its financial reporting,
The oil and gas services industry body Campetrol delivered a bleak April snapshot that captures Colombia’s gas predicament in two simultaneous trends pulling in opposite directions: imports hit a record high while the drilling activity needed to reverse the country’s declining domestic production fell further.
Promigas’s Q1 2026 investor presentation reveals that the SPEC LNG regasification terminal in Cartagena is carrying a larger share of Colombia’s gas system than any previously published figure had indicated — and that the company is moving to expand its capacity before the end of the year.
The public utilities industry body Andesco issued a formal warning on May 21 that Colombia has a critical and non-extendable window of three to four months to take regulatory and operational action before El Niño drives the country into an energy supply crisis.
Three industry voices converged in the third week of May to paint a consistent and sobering picture of Colombia’s gas supply exposure as El Niño approaches: the country is entering the dry season with falling domestic production, record import volumes, a single regasification terminal already running near capacity, and a key gas producer in insolvency proceedings.
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
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