Frontera Energy Corporation closed the sale of its entire Colombian exploration and production portfolio to Parex Resources on June 1 for aggregate consideration of US$750M — comprising US$500M in upfront cash, US$225M in assumed net debt, and a US$25M contingent payment tied to a potential extension of the Quifa contract with Ecopetrol before the first anniversary of closing.
Ecopetrol and the Sociedad Portuaria Puerto Bahía (SPPB) — the Cartagena maritime terminal owned by Frontera Energy — have secured all outstanding regulatory and environmental approvals required to begin the execution phase of their LNG regasification project on Colombia’s Caribbean coast.
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,
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.
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.
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.
MinEnergia has announced that the UPME has completed its technical evaluation of a floating storage and regasification unit (FSRU) project off the coast of La Guajira — clearing the way for what would become Colombia’s second regasification terminal and a significant diversification of the country’s increasingly strained gas supply infrastructure.
NG Energy International Corp. (NGE) issued a late-April operational update on its two Colombian assets.
Colombian President Gustavo Petro and Venezuelan acting president Delcy Rodríguez declared energy integration the cornerstone of a revived bilateral relationship following a summit at the Miraflores Palace in Caracas on April 24.
Two complementary reports published by Naturgas on April 24 cover the same strategic development from different angles: the operational details of the Frontera Energy-Ecopetrol regasification project at Puerto Bahía, and a site visit by Ecopetrol’s acting president to inspect progress firsthand.
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