Colombia Considers Long-Term Gas Imports to Ease Deficit, Cut Prices
4/11/2025
(Reuters) — The Colombian government could tie up long-term gas import contracts in a bid to cover its energy deficit and lower prices, Mines and Energy Minister Edwin Palma said on Friday.
The Andean nation faces a gas shortage of around 7.6%, according to the Colombian Natural Gas Association (Naturgas), as production has dipped and President Gustavo Petro has pushed to transition toward clean-energy policies.
"We've been working with Naturgas and the Energy and Gas Regulation Commission, weighing different alternatives and the regulatory stipulations required to allow the sale of natural gas over the long term (from three to five years)," the minister said in a statement.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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