economy
May 9, 2026
Government guarantees gas supply and questions Canacol's announcements about suspended contracts
Government assured that the gas supply in Colombia "is guaranteed". Photo: Courtesy
TL;DR
- The Colombian Minister of Mines and Energy, Edwin Palma, assured that the gas supply in Colombia is guaranteed.
- Canacol Energy has announced its intention to suspend gas supply contracts in Colombia.
- The Colombian government is closely monitoring the situation with the Superintendence of Public Services and the Superintendence of Companies.
- A judicial process is underway in Alberta, Canada, which could allow Canacol to suspend contracts starting May 28th.
- The potential suspension affects 19 contracts and could impact 12 companies, including Cerro Matoso, Surtigás, Enel Colombia, Gases del Caribe, and Gases de La Guajira.
- The Superintendence of Companies clarified that no formal request for contract suspension has been filed within the Colombian insolvency process yet.
- Any decision made by Canadian courts will need to be recognized by Colombian authorities before taking effect in the country.