Frontera Energy and Ecopetrol are pressing toward a December 2026 commissioning of the Puerto Bahía regasification terminal in Cartagena, which would give Colombia its second LNG import point and — at full capacity — the ability to cover 40% of national gas demand, currently estimated at 1,000 mmcfd, according to La República.
The regasification terminal that Transportadora de Gas Internacional (TGI), a subsidiary of Grupo Energía Bogotá, announced in October 2025 for the Ballena field in La Guajira will not be ready in January 2027 as originally projected — and may now not enter service until early 2028.
Speaking at the Naturgas annual congress in Cartagena, Energy Minister Edwin Palma announced a proposal to implement an open season auction mechanism for viable regasification projects — a market instrument that would allow CREG to assess user demand before infrastructure is built, providing financial viability guarantees and efficient capacity allocation before capital is committed.
A Corficolombiana research report cited by Bloomberg Línea delivers the starkest assessment yet of Colombia’s gas supply trajectory: production is in freefall, imports are surging to compensate, and the country is becoming dangerously dependent on infrastructure never designed for the role it is now playing.
Colombia has established a new maritime fuel supply route to the southwestern Pacific coast, with 40,000 barrels of domestically produced diesel arriving in the department of Nariño for the first time via the Pacific Ocean.
Promigas posted stable financial results for 2025 – revenues of CoP$6.7T (+1%), net profit up 2% to CoP$1.07T, and EBITDA flat at CoP$2.4T – but the more significant strategic story is the company’s deepening transformation from a pure-play gas infrastructure operator into a diversified energy platform, even as its gas operations delivered some of their most consequential results to date.
A trade dispute between Colombia and Ecuador is imposing significant operational and cost penalties on oil producers in Putumayo, forcing Ecopetrol and GeoPark to reroute production through longer, more expensive domestic corridors instead of the Sistema de Oleoducto Transecuatoriano (SOTE) that has historically been the basin’s primary export pathway.
Ecopetrol’s regasification strategy has been forced into a pivot: the Coveñas project in Sucre, which had been billed as a 110 MMcfd import terminal, has effectively been shelved as a near-term priority after a series of bureaucratic delays, while the Puerto Bahía terminal in Cartagena — developed in partnership with Frontera Energy — has been accelerated to fill the gap.
Two regasification projects at different stages of development — one on the Pacific coast and one on the Caribbean — are moving forward this month, offering the near-term additions to Colombia’s gas import infrastructure as domestic field production continues to decline.
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.
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