News and AnalysIs for

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.

Colombia’s energy regulator CREG has issued Resolution 102 023 of 2026, enabling the conversion of existing hydrocarbon infrastructure into natural gas pipelines and establishing a framework for remuneration of the associated investments.

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.