Colombia is facing a worrying decline in its exports to the U.S. and China, largely driven by sharp reductions in oil and coal sales.
A dispute between Colombia’s state oil company, Ecopetrol (NYSE: EC), and the National Tax and Customs Directorate (DIAN) escalated over the payment of a 19% Value Added Tax (VAT) on fuel imports made between 2022 and 2024.
Ecopetrol is set to take another major step toward strengthening Colombia’s energy security with the potential approval of a third natural gas import terminal, this time in Coveñas, Sucre.
NG Energy International Corp. (TSXV: GASX) announced a strategic consolidation of its interests in the Sinu-9 natural gas block, located in Colombia, through the acquisition of a 28% working interest from its minority partners.
GeoPark (NYSE: GPRK) parks its flagship field while Ecopetrol (NYYSE: EC), Gran Tierra (TSX: GTE), and Parex Resources (TSX:PXT) remain active in one of Colombia’s most complex basins.
In 2017, Norway set a bold goal: by 2025, all new cars sold would be electric. The European Union followed suit, setting its own deadline for 2030. However, the waning consumer demand and mounting pressure from automakers have already pushed that target to 2035. This shift reflects a deeper truth: the world may not be as ready to go electric as governments once hoped.
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