economy
May 8, 2026
Canadian court to rule next week on whether Canacol can exit gas contracts in Colombia
Following the postponement of the hearing in the Alberta, Canada court, which would evaluate Canacol Energy's request to terminate natural gas transportation and supply contracts early, the Colombian Natural Gas Association (Naturgas) reiterated its call to authorities to protect energy security and ensure service continuity in the country.
TL;DR
- A Canadian court hearing on Canacol Energy's request to terminate gas contracts was postponed to May 15th.
- Naturgas is urging authorities to protect Colombia's energy security and ensure natural gas service continuity.
- Canacol Energy supplies gas to seven departments on the Caribbean Coast and several municipalities in Norte de Santander.
- Canacol's production has decreased significantly, but Naturgas states this has been managed through agreements.
- Naturgas warns that contract suspension would lead to the use of more expensive and polluting energy sources, impacting essential goods prices.
- Naturgas requests the Colombian state to use legal powers under cross-border insolvency law if contracts are terminated, invoking public order exceptions.
- Naturgas emphasizes the importance of contract stability and warns that unavailable gas is the most expensive kind.