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Colombia’s natural gas industry posted across-the-board declines in August, according to figures from industry group Campetrol.

Óscar Rincón, president of the Asociación Colombiana de Ingenieros de Petróleos (Acipet), projected gas imports could reach 35-40% of national consumption by the end of 2026 as El Niño pushes thermal plants toward near-full dispatch capacity.

Some might hope that gas production improves since SPEC is reaching its capacity and no other LNG import facilities have come online. That’s not the case.

Colombia’s reported natural gas production fell 8.36% year-on-year in July 2026, from 1,196 mmcfd to 1,096 mmcfd, extending a decline that has held in every month of 2026 so far.

Colombia’s oil production fell 2.46% year-on-year in July 2026, from 746,242 bd to 727,920 bd, marking the third consecutive monthly year-on-year decline since May — and every month of 2026 except April has posted a decline.

Colombia’s mining-energy sector is projected to post a 0.3% GDP contraction in the second quarter of 2026, extending a decline that traces back to the first quarter of 2024.

Colombia’s exports grew 7% in June and 14.2% for H1 2026, but the gains are concentrated almost entirely in oil, coal, and gold, while agricultural exports fell.

Colombia’s gasoline imports, which stood at 43% of national demand in 2025, are projected to climb to as much as 50% by early 2031, according to forecasts from the Asociación Colombiana del Petróleo y Gas (ACP)

Colombia has lost relevance on Latin America’s oil production map, according to new International Energy Agency (IEA) projections, while Brazil, Argentina, and even Guyana — a country with essentially no oil industry a decade ago — accelerate output.

Colombia’s natural gas production fell 12.9% year-on-year in May 2026, to 1,129 million cubic feet per day (mmcfd) from 1,296 mmcfd in May 2025, with the decline attributed to Casanare, Sucre, Boyacá, and Córdoba.