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Colombia Revives Gas Import Talks with Venezuela Amid Shortage
5 Sep
Summary
- Colombia in talks to import natural gas from Venezuela
- Venezuela ready to spend $20-30 million to repair damaged pipeline
- Colombia faces growing gas shortage as reserves dwindle
In September 2025, Colombia has restarted negotiations to import natural gas from Venezuela as the country grapples with a widening supply shortage. Mines and Energy Minister Edwin Palma revealed that the governments are exploring whether state-run Petróleos de Venezuela SA can repair a badly damaged section of the 224-kilometer pipeline connecting the two nations without running afoul of US sanctions.
While the two South American countries had previously announced plans for gas exports to begin at the end of 2024, Venezuela now has the availability to sell 50 million cubic feet of gas per day and is ready to invest between $20 million and $30 million for the pipeline repairs. About 4.7 kilometers of the pipeline on the Colombian side needs to be fixed, a process that would take around three months.
Colombia began importing liquefied natural gas at the end of 2024 to meet domestic demand as the nation's reserves dwindle, and new offshore wells won't come online until at least 2029. The gas deficit, which started at 4% of total demand, is expected to widen to as much as 20% next year. While several projects are being discussed, the country can only support two new gas infrastructure facilities.
