Unless you have only a passing interest in oil or have been trekking to the South Pole recently, you will know that oil prices are down thanks (or no thanks) to uncertainty about the global economy and OPEC’s decision to expand production.
Latin America stands at a crossroads between oil, gas, and clean energy, but Colombia appears to be drifting from the regional consensus that seeks balance between economic survival and decarbonization.
Colombia’s industrial sector could face a severe competitiveness crisis in 2026, as natural gas prices are projected to rise by up to 200%, driven by costly imports and inefficient transport logistics from the Caribbean coast.
A new government proposal to apply VAT to ethanol and biodiesel could undermine Colombia’s progress toward cleaner fuels and climate goals.
The latest edition of Colombia’s Barómetro Petrolero shows renewed public confidence in the oil and gas sector, with six out of ten Colombians approving petroleum activities in their municipalities, a record level of support since the survey began in 2019. The study also revealed a growing acceptance of fracking and highlighted concerns over future gas imports and energy security.
Colombia’s industrial leaders are sounding the alarm over potential gas rationing tied to upcoming maintenance at the SPEC regasification terminal, warning that a government plan to prioritize gas supply to thermal power plants could devastate factories and regional economies.
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