Petro affirms that Colombia will import "much cheaper Venezuelan gas"
The Colombian president, Gustavo Petro, stated this Wednesday, February 11, that his country will import Venezuelan gas at a lower price
TL;DR
- Colombia will import Venezuelan natural gas at a lower cost.
- Venezuela's Parliament approved reforms to its Hydrocarbons Law, allowing private and foreign investment in the energy sector.
- Venezuelan officials estimate a 37% increase in oil sales revenue for 2026.
- President Petro proposed Ecopetrol's participation in Venezuela's economic reactivation to the US.
- The plan includes using clean electricity from Colombia and reactivating gas and oil pipelines.
- Colombia and Venezuela previously agreed on natural gas trade in 2007, but the infrastructure ceased operations in 2015.