Colombia's Ecopetrol boosts gas supply amid deficit fears
Colombian state-run oil company Ecopetrol has increased the availability of natural gas for firm contracts by 18BBTU/d (billion British thermal units per day) amid efforts to avert a looming deficit of the fuel.
The announcement, which refers to December supply agreements with offtakers, came a week after the Bogotá-based firm offered an additional 16BBTU/d to the market.
This “reflects a rebalancing of processes and an optimization of production,” Ecopetrol said in a statement.
"We will continue to evaluate, day by day, our procedures so as to contribute to the country's natural gas supply," it added.
According to industry group Naturgas, Colombia faces a natural gas shortfall as soon as December, leading to possible price hikes and rationing.
Data published by gas market administrator BMC shows the country will have a deficit of 76.5BBTU/d in 2025 and 190BBTU/d in 2026.
The situation has been exacerbated by a sharp decline in gas reserves, which fell to 2.37Tf3 (trillion cubic feet) at the end of 2023 from 2.82Tf3 a year earlier, according to official figures.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Colombia)
GeoPark announces agreement to acquire Repsol E&P assets in Colombia
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent company with over 20 years of successful operations in Latin Ameri...
The case for a new LNG import terminal on Colombia's Pacific coast
Edison Ruíz, a legal adviser to Buenaventura's city hall, tells BNamericas why Colombia's southwestern region is in need of LNG investment.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Colombia)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: MATAMBO block
- Current stage:
- Updated:
1 year ago
- Project: VMM block 1
- Current stage:
- Updated:
4 years ago
- Project: SAN LUIS Block
- Current stage:
- Updated:
1 year ago
- Project: SAMICHAY B block
- Current stage:
- Updated:
4 years ago
- Project: Tapir Block
- Current stage:
- Updated:
4 months ago
- Project: Block LLA 55
- Current stage:
- Updated:
4 years ago
- Project: Block LLA 32
- Current stage:
- Updated:
4 years ago
- Project: BUENAVISTA block
- Current stage:
- Updated:
3 years ago
- Project: VALDIVIA-ALMAGRO Block
- Current stage:
- Updated:
1 year ago
- Project: RONDON block
- Current stage:
- Updated:
1 year ago
Other companies in: Oil & Gas (Colombia)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Cummins Norte de Colombia S.A.S. (Cummins Norte de Colombia)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Atlantic Marine Fuels S.A.S. (Atlantic Marine Fuels)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Montagas S.A. E.S.P. (Montagas)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Chilco Distribuidora de Gas y Energía S.A.S. ESP (Chilco)
-
Chilco Distribuidora de Gas y Energía S.A.S. ESP is a wholly-owned subsidiary of Chilean Empresas Lipigas S.A. and is present in Colombia since 2010. It distributes liquefied ga...
- Company: Autotanques de Colombia S.A.S. (Autotanques de Colombia)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Almagas S.A. E.S.P. (Almagas)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Petroeléctrica de los Llanos Ltda. (PEL)
-
Petroelectrica de los Llanos Ltda. (PEL), is a private company in the electricity sector created under the figure of “Connection Asset” existing in the regulations of the Energy...
- Company: Grupo Empresarial Bravo (Grupo Bravo Petroleum Logistics)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: VQ Ingeniería S.A.S. (VQ Ingeniería)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
