President Gustavo Petro reaffirmed that Ecopetrol (NYSE: EC) will step into the role of natural gas importer as Colombia grapples with a widening production deficit.
President Gustavo Petro has once again reignited debate over Colombia’s dependence on fossil fuels, this time clashing with the Unión Sindical Obrera (USO), one of Ecopetrol’s most powerful unions.
Colombia’s Ministry of Mines and Energy (MinEnergia) issued Resolution 40358 of August 20, 2025, setting new guidelines for the coexistence of hydrocarbon, mining, and energy projects when partial or total overlap of areas occurs.
Colombia’s oil and gas sector continues to show signs of weakness, with official figures confirming a decline in production through July 2025.
At the XXII Colombian Petroleum, Gas, and Energy Congress organized by Acipet, Orlando Velandia, President of the National Hydrocarbons Agency (ANH), hinted that Colombia could soon receive major news on offshore exploration, particularly in the Caribbean Sea.
Ecopetrol (NYSE: EC) has thrown its weight behind a key shift in Colombia’s energy policy: increasing the blending of biodiesel and ethanol in fuels, while also betting on sustainable aviation fuel (SAF) produced from palm oil.
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