Colombia faces energy and gas supply risks

Colombia is navigating a critical energy situation characterized by potential natural gas shortages and limited electricity exports. Francisco Lloreda, president of the Colombian Petroleum and Gas Association (ACP), warned that the country could face a natural gas deficit of up to 10%, impacting industry, electricity generation, and consumer tariffs. Colombia currently imports approximately 40% of its gas consumption, and Lloreda noted that international fuel prices have risen significantly, from roughly $5 to $27 per million BTU, which may increase costs for residential and industrial users.

On the electricity front, Colombia briefly resumed energy exports to Ecuador on October 21, 2026. The transfer lasted less than three hours, totaling 169 MWh. Due to a supply risk statute in effect since September, Colombia is currently only permitted to export surplus thermal energy, which is more expensive than hydraulic power.

Hydraulic generation remains under pressure as water levels at the Mazar reservoir have reached critical lows. To preserve water for peak consumption hours, certain plants on the Paute River, such as Molino and Sopladora, have remained offline.