MinEnergia Edwin Palma says the Colombian government will write long-term gas import contracts because “Those increases in gas prices across the country must be reversed.” He is either misguided or misleading Colombians. We hope it is the former. Gas prices appear to be on the upswing and Colombians will pay a premium to eliminate the risk of gas prices going up.
The President of Colombia’s National Hydrocarbons Agency (ANH), Orlando Velandia, offered a surprisingly optimistic forecast for the country’s oil and gas reserves in 2024.
At the 2025 Naturgas Congress, Colombia’s Minister of Mines and Energy (MinEnergia), Edwin Palma Egea, announced a significant policy shift: the government is working to establish long-term natural gas import contracts aimed at reducing public service tariffs for Colombian consumers.
In a stark and urgent appeal, Eduardo Verano, Governor of Atlántico, warned that Colombia is teetering on the edge of an “energy pandemic” due to the growing threat of a natural gas shortage.
During the 2025 Naturgas Congress, Ecopetrol (NYSE: EC) President Ricardo Roa Barragán announced the detailed roadmap for the company’s Pacific Coast regasification project, which will allow Colombia to import natural gas through a new terminal located in Buga, Valle del Cauca.
During the final day of the Naturgas Congress, Ecopetrol (NYSE: EC) President Ricardo Roa delivered a mixed message: while announcing a new schedule for gas commercialization, he also warned of a significant drop in the company’s earnings following the recent plunge in global oil prices.
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