energy
April 15, 2026
'The diagnosis on gas is done and execution is missing', the harsh truth from the industry to face a growing deficit
Luz Stella Murgas, President of Naturgas Photo: Naturgas
TL;DR
- Colombia's natural gas sector is facing a concerning decline in exploration, reserves, production, and investment.
- Urgent policy decisions and coordinated efforts between the state and industry are needed to ensure energy security.
- The long lead times for gas projects (6-8 years) highlight the need to accelerate and remove bottlenecks in exploration and production.
- Colombia has domestic gas resources but struggles to produce them, leading to increased reliance on imports.
- While importing gas is necessary, dependence on a single source is inadvisable; priority should be given to developing internal potential.
- Exploratory well drilling has drastically decreased from around 130 per year in 2012 to an projected 31 in 2025.
- Obstacles such as prior consultations and environmental permits need faster management, especially for projects of national interest.
- International market volatility, influenced by geopolitical conflicts, affects imported gas prices, making domestic production crucial for stability.
- Legal and fiscal stability is essential to attract the significant investments required for gas projects.
- The government should prioritize removing bottlenecks in strategic projects, including those related to fracking.
- The upcoming Naturgas Congress will focus on discussing sector challenges, legislative agendas, energy transition, and financing.