Recently, we published an article that showed what happened when the country’s only regas facility, SPEC, closed for scheduled maintenance. One might have expected that since SPEC programmed the maintenance well in advance, some planning might have avoided any stress about shortages. We look for evidence of that planning. (UPDATE: Technical difficulties overcome and graphs and full text now loaded.)
This is the sad story we all know about gas production in Colombia. (We show Gas Delivered to the Pipeline, which impacts household consumption and thus the politics around gas.) Ecopetrol down. Everyone else also down. But for the appropriately grey area there are distinct stories.
The SPEC-maintenance crisis has passed and now we can see what happened. We estimate gas supply went down by around 120 GBTUd because, even with all MinEnergia’s efforts to find more gas, there wasn’t enough to plug the hole. That means there was not enough gas for normal demand. Who didn’t get their needs satisfied?
Ecopetrol (NYSE: EC) announced that its Social Gas Program has now connected 105,115 low-income families across 20 Colombian departments to the natural gas network, marking a major milestone in its efforts to expand clean and affordable energy access.
As Colombia faces growing concerns over energy supply, Orlando Velandia, President of the National Hydrocarbons Agency (ANH), insisted the country has not lost its gas self-sufficiency.
Colombia, standing on vast natural gas reserves, risks missing a historic opportunity to secure its energy future. That is the warning from Luz Stella Murgas, President of Naturgas, who argues that the country cannot afford to leave its gas buried while paying more for imports.
Lately, Ecopetrol has talked about a third regas facility at Coveñas which makes (somewhat) more sense than its comical Buenaventura plans. Why would anyone but Rube Goldberg propose such a scheme? On second thought, maybe we don’t want to know why the NOC came up with them.
Colombia’s looming natural gas shortage has reignited debate over where to build the country’s next regasification terminal, or whether it should, in fact, build two.
Colombia’s industrial sector is bracing for a challenging energy outlook. Following recent maintenance work at the Cartagena regasification terminal, which nearly led to rationing in the Caribbean region, industrial leaders are now warning of a 50% increase in natural gas prices by 2026, alongside growing uncertainty about supply.
Colombia’s natural gas industry has made major strides toward decarbonization, achieving a 27.1% reduction in greenhouse gas (GHG) emissions compared to 2022 levels, according to the 2024 Carbon Footprint Report released by Naturgas.
2025, Hydrocarbons Colombia, All Rights Reserved.
