NATGAS: Colombia’s President Petro Calls for Buying Gas from Qatar

Colombia’s President Gustavo Petro said Ecopetrol should import natural gas from Qatar to diversify suppliers and cut prices for consumers, Bloomberg reported.

• Petro said on X that “Colombia is being robbed”.
• Until now, Petro has mainly imported gas from the US and Trinidad.
• Petro has refused to sign new drilling licenses in a push to move Colombia away from hydrocarbons but instead forcing the country towards higher natgas imports.
• Colombian gas distributors announced increases up to 36% in prices in major cities.
• Any final decision on gas imports would have to be approved by Ecopetrol’s board.